Fully Operational Licensed Cannabis Testing Lab By Bankruptcy Court (Riverside County, California)

CannaMLS ID: 7801
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Price: $1


Listing Details


Listing Category
Testing Facility

License Status
Municipal / local license granted
State / annual license granted


Price: $1

Listing Status: For Sale

Amazing opportunity to acquire a Cannabis Testing Facility in Riverside County, California. In its last 3 months of operations, the laboratory averaged sales of $12,000, with the sales trending upward during those months. Located in Riverside County, this business sits on a 7,990 SqFt facility with $700k already invested into the buildout and includes $2M worth of equipment in the sale. The owner has a provisional license in hand, and a secured lease with 3 YRs left with a 7 YR option.

This is a great opportunity for someone who is looking to expand their testing footprint in the Riverside County Market, while also taking advantage of the very nearby emerging markets.

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: 7,900 Sq Ft
  • Lease Terms: 21 Months remaining (5YR Option)
  • Rent: $10,833/Month (Increases in November) 
  • Buildout Investment: $700k 
  • Equipment: $2M Worth
  • Business has been operational for 3 months (generating $12k/mo already and trending significantly upward) 

 

Licenses:

Third party testing: Testing Laboratory. Testing of medical cannabis and medical cannabis products. Testing licensees shall have their facilities licensed according to regulations set forth by the division. A testing licensee shall not hold a license in another license category of this chapter and shall not own or have ownership interest in a facility licensed pursuant to this chapter.

 

Asking Price: $ 4,500,000.00

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

Tom Milks, DRE LIC CA #02064305  

Drew Mathews, DRE LIC CA #02091143

If you have any questions call Tom (619) 972-5952 or Drew (619) 653-0483

Email: tom@glbgroupinc.com or ceo@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
Riverside County, California 92501

Date Listed For Sale:
11/23/2022

Date Last Updated:
1/20/2023

Property Details

Pricing Details

Listing Price
$1

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