Marijuana Dispensary Facility for sale in CA 91601

Fully Operational Cannabis Dispensary Business For Sale (Toluca Lake, California) #1563

This prime cannabis dispensary opportunity in North Hollywood has been established and fully operational since 2015, this pre-ICO dispensary presents a rare opportunity for a new owner to step into a thriving, turnkey business. Located in a prime location, this is the only dispensary serving the community. The business holds an up-to-date, active retail license, with additional potential for expansion into cultivation, manufacturing, and distribution if desired. The 700 sq ft retail space has a lease with 1 year remaining and a 5-year extension option, making it a flexible long-term investment. Monthly rent is $5,100, and the business is supported by a dedicated team of 4 employees, with the general manager available to stay on for a smooth transition.

Details:

Space: 700 Sq Ft

Rent: $5,100/Month

Lease: 1 YR W/5 YR Option

Number of Employees: 4

POS: MEDA

Parking Spaces: 3 in the Back for Employees (W/ Plenty of Parking Spaces on the Street)

2024 Gross revenue YTD – $1,134,574.07

2024 Net revenue YTD – $820,571.43

Willing to Accept an Offer W/ 50% down and Seller Finance the Rest Over a Negotiated Period of Time.

Licenses:

Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.

Asking Price: $1.5M (Seller Open to Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

Tom Milks, DRE CA LIC# 02064305

If you have any questions Call Drew (619) 653-0483 & Tom (619) 972-5952 

Or Email : ceo@glbgroupinc.com & tom@glbgroupinc.com 

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.