CannaMLS ID: 6247
Created | Updated
Price
$ 495,000
Attain a Retail Storefront (RSF) license in Los Angeles’ famed social equity (SE) program, for less than $500,000! Currently the license is non-operational, and
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Attain a Retail Storefront (RSF) license in Los Angeles’ famed social equity (SE) program, for less than $500,000! Currently the license is non-operational, and the buyer would have to secure real estate, complete licensing and buildout. This is a unique situation where you can relocate the license to any eligible property within the Community Plan Area (CPA) of Southeast Los Angeles. The owner is selling 40% of the interest in the license for $495,000, as is (Option A). However, the owner is also able to provide a turnkey operation (Option B). For Option B, the seller would secure the real estate, complete entitlement/buildout, and value 40% of the license at $1,600,000. This is a great opportunity to secure a City of Los Angeles RSF license with a reasonable social equity partner, and partners who bring additional value.
Retail Storefront in Los Angeles
40% of Pre-operational RSF License for Sale
Tier 1 Social Equity License
Option A: Purchase 40% as is: $495,000
Buyer to finalize license and build-out
Secure new property and relocate license
Option B: Purchase 40% of Turnkey: $1,600,000
CPA: Southeast Los Angeles
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail