Fully Operational Retail & Delivery Business For Sale (West Hollywood, CA)

CannaMLS ID: 5407
Save Listing

Price: $6,900,000


Listing Details


Listing Category
Home Delivery
Other

License Status
State / annual license granted


Price: $6,900,000

Listing Status: For Sale

Business Description

The Retail is 1 of the 8 licensed Retail facilities in West Hollywood and  has phenomenal traffic counts and strong area demographics. One of the best LOCATIONS in all of Los Angeles County. It’s been operating successfully with little to no marketing and without implementing the Delivery License! In 2020 the business did $4.3M in gross revenues on pace to do the same for 2021! So much upside to this opportunity. This fully permitted and licensed retail license includes the ability and capability to deliver cannabis products directly to consumers throughout Los Angeles and Southern California markets via the delivery service.

In 2017, the West Hollywood City Council adopted a cannabis ordinance allowing a variety of cannabis businesses to be licensed in the City. The City of West Hollywood has undertaken a robust, merit-based selection process for cannabis applicants.During the month of May 2018, applicants were allowed to submit cannabis screening applications to the City. The City received over 300 screening applications from over 120 different applicants (most applicants submitted applications in multiple categories). Only the top 8 were selected and granted licenses and this is 1 of the 8! 

Details:

Space: 2,925 SqFt

Rent: $21,500/Month

Lease Terms:

Assigned Parking Spaces: 10 

Employees: 15

Point of Sale System: Green Bits

Wholesale Inventory: $150k 

Avg Ticket order: $60/order

2020 Gross Revenues: $4.3M 

2021 Gross Revenues On pace to do $4.3M 

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: $6.9M (Seller Financing Available)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location.


Listing Details

Listing Status
For Sale

Location
California 90046

Date Listed For Sale:
8/2/2021

Date Last Updated:
8/6/2021

Property Details

Pricing Details

Listing Price
$6,900,000

Advertising


 

 

 

Hit the "Contact Listing" button on the top right of the page to send a message to the seller.

(CannaMLS.com does not make seller contact information public to prevent SPAM and abuse.)

 

To report a problem with this listing contact: admin@cannaMLS.com

 

FOLLOW CANNAMLS ON SOCIAL MEDIA FOR EXCLUSIVES, NEWS, NEW LISTINGS, UPDATES AND MORE!


 

*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company’s website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CMLS Technologies LLC, and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.