Unique opportunity to acquire a fully operational cannabis retail & distribution business in Silverlake, LA County (Population 9.8M). The business has been operational for over 10Yrs and is on pace to do $6.7M in top line revenue for 2022. It is located in a high traffic area very close to Dodgers stadium and has been voted as one of the top dispensaries in LA county! They have a track record of being a hidden gem and offering unrivaled customer service. The owner has both local and state (provisional) licenses in hand! The new owner could invest in expanding the delivery radius in order to obtain more sales. The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products. Cannabis delivery businesses play a critical role in the state and have now been labeled an essential business, creating a large demand for more.
California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.
Details:
- Space: 4k SqFt
- Rent: $16k/Month
- 2022 Q1 – Q3Revenues: On Pace to do $6.7M in Top Line Revenue
- Employees: 27
- Parking: 17 + Street Parking
- $500k Into the Remodel
- Very Close to Dodgers Stadium
- Known Hotspot for Entertainers & Models to Frequent this Dispensary
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.
- Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, Nurseries, Retailers, & Distributors.
Asking Price: $6,250,000.00
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 CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Or Email : ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.