Facility Size: 4,347sq ft manufacturing and distribution space
EstimatedYields: 300 liters of distillate per month OR 500,000 pre-rolls per month.
Rent: $15,049/mo for current property (increases 5% annually)
Lease Term: 5 years initial /2 years remaining plus one 3-year optional extension
License Info: Adult-Use and Medical–Microbusiness License Provisional: Distributor, Level 1 Manufacturer, Cultivator (less than 10k sq Ft, Indoor Cultivation Type BCC #C12-0000151-LIC, active 7/1/19 through 7/1/21
License Highlights: Unique opportunity as the four business activities authorized by the Microbusiness can be split and moved to different locations; current leased facility houses the Distributor and Manufacturer operations,while Cultivation is not currently operational. Non-storefront Retail has not been applied for but can be added to the license. Seller can increase the canopy size with the BCC up to22k Sq Ft, and Seller has access for two viable commercial properties: 40k Sq Ft with 5000+ amps and 40k sq ft with 1600 amps.
Established in 2019, this fully-licensed microbusiness license has tremendous potential for revenue growth once all authorized business lines come online. Seller currently operates a pre-roll manufacturing and distribution operation, which is not included with the license.
Seller has established relationships for supplying raw bulk cannabis as well as sales contracts for bulk distillate oil, creating the ideal turn-key operation located in South LA – Los Angeles County. With CA sales exceeding $4B in 2020 and over 150 retail dispensaries within 30 miles, this is your opportunity to enter the prized LA market with thunder!! Everything is configured and ready for you to start producing pre-packaged flower and joints immediately upon taking title over the license.
The facility previously housed extraction equipment; with minimal adjustments to the space, potential buyers could quickly and easily install their own extraction equipment to launch their operations with immediate sales orders flowing into queue.
The current owners invested a tremendous amount of time, effort and financial resources into building out the space to a high standard and to optimize processing conditions. This includes a $50k investment into a Steam Piping Generator, appropriate power coming into the facility to run the buyer’s extraction equipment, and medical grade surfaces for all walls/partitions. All of the equipment and fixtures at the site are included in the asking price and owners will assist with the licensing process.
This business is highly suitable for an existing brand or cultivator looking to expand its grow operations or a dispensary looking to grow and manufacture its own product to skyrocket profitability. This is a unique opportunity for a savvy investor or operator that would like to establish themselves as a dominant force in the Los Angeles cannabis market. Seller is open to negotiating terms for the right buyer. If an all-cash offer is made, seller would consider accepting less than full asking price.
Seller would also consider carving out cultivation and/or adding non-storefront retail as part of the transaction. Opportunities to insert your operation in one of the largest cannabis markets in the world don't come around often, so make an offer and we'll be happy to work with your team!
* Nothing regarding intellectual property (name, logo, trademarks, patents, etc.) is being conveyed with the purchase of this business.