City of Commerce - Multiple Licenses For Sale

CannaMLS ID: 3894
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Pricing Details

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

Property Details

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

Grow License:  $1.2M

Manufacturing License: $800,000

Transportation License: $400,000

Delivery License:  $800,000

 

The licenses are held in the City of Commerce.  There is a 7000 sq foot property that is owned by the license holder - it is not a functioning cultivation at the moment (one can partner on this if interested).  The City of Commerce will allow the transfer of all licenses.  The transfer is a corporation to corporation transfer and the new owners would have to be approved for the license.  The transfer to the buyer would be under a new corporation.

 

The transfer takes approximately 6 weeks to two months and monies would be held in an escrow account.  Sale prices are negotiable but please, don't make an offer that you know will not be accepted, such as a very low one.

Price: $2,500,000

Listing Status: For Sale

Details

Date Listed For Sale:
License Type:

Location: City of Commerce, California 90040

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution
  • Home Delivery





Terms And Options

If one decides to lease the property, it would be $2.00/sq foot.  The owner is willing to amortize the TI's over the first five years of the lease.