ISO Accredited SoCal High Performing Cannabis Testing Laboratory

CannaMLS ID: 8250
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Price: $3,999,000


Listing Details


Listing Category
Testing Facility

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

Medical
YES

Adult Use
YES

Price: $3,999,000

Listing Status: For Sale

Opportunity to acquire an early licensed Cannabis Testing Laboratory that has highly efficient operations which provide for rapid turnaround of test results. Its foundation and reputation have been built on stable, ISO accredited methodology, reliable industry-standard technology and great customer service. The dedicated team consists of exceptional scientific officers with numerous degrees and staff of technicians with diverse skill sets. The Lab has capacity to handle large daily sample flow for both compliance and R&D. Multiple shift schedules allow samples to enter the testing process at several points throughout the day. Certificate of Analysis (COA) release typically occurs within 24-48 hrs of intake. The Lab performs cannabis compliance testing across all matrix types, including R&D for plant viruses. The Lab has an average daily testing capacity of 60 compliance (or full R&D panel) samples. The Lab was built from the ground up using the latest technology & numerous operational efficiencies. Founder's extensive background in biopharmaceutical development has benefited the lab. Top tier instrumentation from premier manufacturers is serviced regularly run using a robust physical plant. Room for expansion & infrastructure to support it. Instrumentation includes Perkin Elmer LC-MS-MS, Perkin Elmer GC-MS, ICP-MS, and Agilent GC and HPLC systems.  600 Amps across multiple panels.  4500 sq. ft at $8400 NNN monthly to 4/30/26. Two 3 yr extensions. 18 Employees.  The Lab competes with testing labs in the region. Many of these labs could see their efficiency and operations negatively affected by impending stricter regulations in California.  The Lab believes it has significant advantages in the area of staff qualifications, throughput, and overall laboratory operations relative to its competition and is already set up to satisfy pending stricter regulations.  According to industry reports, the California market is poised for future growth on both the state and eventual federal level. California has initiated increased enforcement of illegal cannabis activity which could generate additional revenue for testing labs; particularly those that are operating at high efficiency with stricter protocols, such as seller. The Lab uses weekly telemarketing outreach and monthly customer monthly promotions to enhance sales. Seller can assist on the transition of the business to Buyer for up to 6 months at market rates. Seller is amenable to Seller financing for a portion of the purchase price. NDA and POF required.


Listing Details

Listing Status
For Sale

Location
California 11111

Date Listed For Sale:
1/17/2023

Date Last Updated:
1/18/2023

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
4500 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$3,999,000

Property Lease Rate
$8,400/month

Lease Terms:

4500 sq. ft at $8400 NNN monthly to 4/30/26. Two 3 yr extensions.


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