PRE-ICO Turn-Key Vertically Integrated Cannabis Dispensary For Sale (Los Angeles, CA)

CannaMLS ID: 3773
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Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:

Property Details

Property Is Leased:
Yes
License Is Movable:
Yes
Real Estate Is Included:
No
Has Buy-in Option:
No
Facility Is Built Out:
Yes
Has Room For Expansion:
Yes
Operations Are Needed:
No

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. 

 

Opportunity Highlights

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.

 

Price: $4,500,000

Listing Status: For Sale

Details

Date Listed For Sale: 5/28/2020
License Type: Medical & Recreational (all)

Location: Los Angeles, California 90047

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution
  • Dispensary
  • Home Delivery





Terms And Options

Six year lease ending January 31st 2023.

Fully loaded monthly rent is $41,045

Landlord is open to a sale.

Property located in an opportunity zone.