If you are looking to enter the cannabis market with a well-established retail storefront, a Distribution & Manufacturing business in LA County, then this is the opportunity for you! With Los Angeles County having an estimated population of 10mil+ and also welcomes over 40 million tourists each year, it is no surprise that LA is the cannabis mecca of the world.
Seller has licenses for Retail, Manufacturing Level 1 (Type 6) and Distribution. The Dispensary is located on a heavily trafficked intersection, great visibility which the new operator can take advantage of and add additional signage to increase foot traffic. The Dispensary opened its doors on January 2017, offering an inviting atmosphere to its customers along with offering a large variety of cannabis products from flower, extracts, edibles, etc. New operator will have the ability to pull in revenues from not only the Retail but also the Manufacturing and Distribution Licenses.
Retail- Is permitted to sell cannabis goods to customers at its premises . The business has a licensed facility where commercial cannabis activities occur.
Manufacturing (Type 6)-For extraction using a mechanical method or non-volatile solvent (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter)
Distribution- Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors
Space: 7,500 sqft (3,000 is allocated to the Dispensary)
Lease: 3 Year (Landlord open to long term lease with new owner)
2018 Gross: $1mil
Asking Price: $3.5mil
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location.