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Seller Financing Cannabis Pre-ICO Retail Dispensary

Los Angeles, CA (Los Angeles County)

Seller Financing Cannabis Pre-ICO Retail Dispensary
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Asking Price: $6,900,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2006

Seller Financing Cannabis Pre-ICO Retail Dispensary

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Business Description

Seller Financing Pre-ICO Dispensary, Cultivation, Manufacturing

SELLER FINANCING AVAILABLE !!! Owner is open to conversations of 60% down

The Retail alone is averaging $200k/month, with December ending at $258k. These numbers do not include the additional revenues the other licenses can bring in.

Rare opportunity to acquire a up and running Dispensary in LA county. The shop has been in operation for over 12 years and is licensed for Retail, Cultivation, Distributor, Manufacturing and Retailer Non-Storefront. Currently only the Retail is in operation. Addition of the other licenses (That the city is currently reviewing architectural plans), will add a significant increase to the current revenues. The Retail alone is doing $200k/month, not including the other licenses that can be established on site.This Dispensary has become the go-to shop for a large amount of repeat customers as well as an increasing number of new customers from Weedmaps, word of mouth and the closure of non-licensed facilities in the area.

Market Value for all Licenses (Retail Storefront, Retail Delivery, Cultivation, Manufacturing and Distribution and you have licenses for both Medical and Recreational is going between 5M to 5.5M for just paper with zero revenues. By simply implementing the Delivery service, the business can bring in an additional $8mil alone. An average delivery service does between 150 and 200 deliveries a day, a really good one will do between 250 and 400 a day. Average ticket on deliveries are higher than storefronts, industry average is 110 per order. At 200 deliveries a day at the $110 average order, the Delivery can provide an additional $8M in revenue per year which they have not started yet.

Buildings:

Total Space: 7,000 sq ft
Parking spots: 20 + Street Parking
Lease:

Rent: $12k/month
Long Term Lease available
Recap:

License: Retailer, Retailer Non-Storefront, Cultivation, Distributor, Manufacturer,
Employees: 10
P.O.S System: Green Bit
There is a Billboard on the property that the new operator can take over to market on.
Strong Social Media in place

Asking Price: $6.9mil

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927

If you have any questions Call Eric at (858) 245-6324

Detailed Information

Location:
Los Angeles, CA
Employees:
7
Competition:
Revenues are expected to increase in the next 12 months due to the Sunset clause taking effect along with city's and counties working to shut down unlicensed cannabis businesses.
Support & Training:
14 days Training provided by the seller.
Reason for Selling:
Moving to another aspect of the industry.
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Business Listed By:
Kelly Kelly

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