Great opportunity to enter and become a part of the California’s Cannabis Market in LA County! This Dispensary for sale has been in operation for over 12 years, is in a suitable location, plenty of parking and has the opportunity for expansion and growth. The Seller is licensed for Retail, Cultivation, Distribution, Manufacturing and Retail Non-Storefront. Currently only the Retail is in operation, the addition of the other licenses (That the city is currently reviewing architectural plans), will add a significant increase to the current revenues.
Right now the Dispensary alone is averaging over $245k/month, this is not factoring the revenues the other licenses can bring in. The Dispensary is doing those numbers with almost no time and resources allocated to advertising and promotion of this business, most of the customers are established repeat, referral, location driven and new customers coming from the closure of non-licensed competitors in the area. There is plenty of upside potential, additional revenues may be obtained by actively engaging in advertisement campaigns, utilizing social media, taking advantage of the Billboard signage on the property and expanding the Retail area from its current size.
Market Value for all Licenses (Retail Storefront, Retail Delivery, Cultivation, Manufacturing and Distribution and you have licenses for both Medical and Recreational is going between 5M to 5.5M for just paper with zero revenues. This is the cheapest MicroBusiness license on the market today and the Seller is willing to Finance a portion, $4.5mil down gets you in the door !
Total Space: 7,000 sq ft
Parking spots: 20 + Street Parking
Long Term Lease available
License: Retailer, Retailer Non-Storefront, Cultivation, Distributor, Manufacturer
P.O.S System: Green Bit
There is a Billboard on the property that the new operator can take over to market on.
The Retail space can be expanded and moved closer to the main street
Seller is willing to provide Training for the new operator
Retail is averaging $245k/month and increasing
Asking Price: $7,300,000.00 ( $4.5mil down gets you in the door !!!)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.