Marijuana Dispensary Storefront for sale in North Hollywood, CA 91605

This exceptional investment opportunity features a Pre-ICO micro-business license in Los Angeles, offering unparalleled flexibility and potential for expansion. The micro-business license, encompassing retail, delivery, cultivation, distribution, and manufacturing, provides an all-encompassing solution for cannabis operations. Uniquely, all licenses are transferable within Los Angeles, empowering the new owner to relocate the dispensary to a more favorable retail environment or strategically separate licenses to maximize revenue streams. This versatility paves the way for endless growth opportunities in the competitive cannabis market.

Investment Highlights

Established Operations: Proven track record with successfully operational retail, delivery, and cultivation businesses at the current location for several years.

Comprehensive Licensing: Includes active licenses for distribution and manufacturing, adding versatility to the business model.

Cost-Efficient Licensing: The consolidated micro-business license structure reduces licensing fees, offering operational savings.

Strategic Relocation Potential: Licenses are transferable within Los Angeles, enabling a move to a prime retail area or the strategic separation of operations.

Scalable Cultivation: Potential to expand cultivation canopy to up to 22,000 square feet once the license is relocated.

Revenue Growth Potential: Significant upside across retail and cultivation sectors, ensuring ample room for increased profitability.

2024 Gross Revenue Projections:

Retail: $1.4 Million

Cultivation: $700,000

Total: $2.1 Million

Reasonable Lease Rate:

Property Size: Approximately 6,200 SF

Lease Rate: Approximately $10k Monthly

Attractive Asking Price: $1,760,000, calculated at 5x net income, reflecting strong financial performance and future potential.

Reasonable Lease Rate:

Property Size: Approximately 6,200 SF

Lease Rate: Approximately $10k Monthly

Term: 1 year Remaining on Initial Term

5 Year Option to Renew will go in to Effect