This vertically integrated dispensary is one of the original Pre-ICO established prior to 2007, free and clear to transfer the licenses. This is a turn-key opportunity with both long-term stability and the potential for exponential growth with proper investment. In 2019 the dispensary achieved net sales of $3,526,927. In the first half of 2020 the sales have risen significantly. In Q2 2020 the store achieved sales of $1,281,010, a run rate of $5,124,039.
Licenses - Vertically licensed and integrated Los Angeles Dispensary with Medical & Recreational Adult-Use Retail (with delivery), Manufacturing Type-6, Distribution Type-11, and Small Specialty Indoor Cultivation.
Facility - The facility is comprised of two buildings. Building 1 is 12,343 sq ft and holds the retail, manufacturing and distribution licenses. Building 2 is 10,145 sq ft and holds the cultivation license. The total facility is 22,488 sq ft.
Cultivation - Specialty small indoor cultivation licensed for 5000 sq ft. Currently only using ~ 2700 sq ft under 54 lights. Option to expand up to 200 lights with power upgrade.
Manufacturing - The licensed manufacturing space is just over 1000 sq ft and is currently only manufacturing retail branded vape carts sold in store. Room to expand manufacturing is available.
Retail - Licensed Retail space is 3000 sq ft. Sales floor and waiting room are 1200 sq ft.
Shareholders - Founded by a member of the Executive Board of Directors of the United Cannabis Business Association, the owner has a decade of managerial experience in the cannabis industry.
Transfer - Client #KO2002 is a pre-ICO dispensary, free and clear to transfer the licenses. The owner has a good working relationship with the county and experience transferring retail licenses.
Sales - Client #KO2002 achieved 2019 net sales of $3,526,927. In the first half of 2020 the sales have risen significantly. In Q2 2020 the store achieved sales of $1,281,010, a run rate of $5,124,039.
Asking Price: $4,500,000
Must Sign NDA and have proof of financials before further details are released.