Cannabis Turnkey Fully Licensed Testing Laboratory Business For Sale (Irvine, California)

CannaMLS ID: 12388
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Price: $1,500,000


Listing Details


Listing Category
Testing Facility

License Status
State / annual license granted


Price: $1,500,000

Listing Status: For Sale

Great opportunity for a state-of-the-art Cannabis Testing Lab located in Irvine, California. This turnkey business, infused with a $3.5 million investment in buildout, licensing, etc is now ready for a visionary owner to seize the booming opportunities in the ever-expanding cannabis market. Testing labs play a pivotal role in ensuring the quality, safety, and compliance of cannabis products. With stringent regulations in place, the lab is equipped to conduct comprehensive tests for potency, contaminants, and pesticides, ensuring that products meet the highest standards. As the cannabis industry continues to flourish, the demand for reliable testing services becomes paramount, making this lab a cornerstone for producers and distributors alike. The sale would include the equipment, valued at $1.2M, which represents a greater value! The current owner’s landlord is open to negotiating a new long term lease agreement, and the new owners would not have to rent out all of the space. 

California’s cannabis industry is on an upward trajectory, and regulatory requirements emphasize the need for rigorous testing. The lab’s strategic location in Orange County positions it for unparalleled growth. As more cannabis businesses come online, the demand for accredited testing facilities is skyrocketing!

 

Details:

Space: 5,000 SqFt (2,500 Testing Laboratory) 

Rent: $8,000/Month 

Lease Terms: Expires in Oct 2024, LL Open to Negotiating New Lease

Equipment Value Includes in Asking Price: $1.2M

Capital Invested: $3.5M

 

License:

Testing laboratories make sure cannabis goods are safe for consumption. The Department of Cannabis Control (DCC) requires all batches of cannabis goods to be tested before they can be sold. Testing labs test cannabis goods to make sure they’re free of contaminants and labeled with accurate amounts of cannabinoids and terpenes.

 

Asking Price: $1,500,000.00 (Sellers Open to Offers with $450k Down Payment!!)

 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

Carla Estrada, DRE LIC CA# 02220955

If you have any questions Call Carla at (619) 952-2929

Or Email: pm@glbgroupinc.com 

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


Listing Details

Listing Status
For Sale

Location
California 92606

Date Listed For Sale:
3/28/2024

Date Last Updated:
3/28/2024

Property Details

Pricing Details

Listing Price
$1,500,000

Lease Terms:

Space: 5,000 SqFt (2,500 Testing Laboratory) 

Rent: $8,000/Month 

Lease Terms: Expires in Oct 2024, LL Open to Negotiating New Lease

Equipment Value Includes in Asking Price: $1.2M

Capital Invested: $3.5M


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