Fountain of Wellbeing Cannabis Dispensary

CannaMLS ID: 6082
Save Listing

Price: $6,900,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Dispensary

License Status
Municipal / local license granted


Price: $6,900,000

Listing Status: For Sale

 

James Capital Advisors is pleased to present a rare opportunity to purchase the Fountain of Wellbeing Pre-ICO Cannabis dispensary in North Hollywood, CA. The Microbusiness license is perfect for a vertically integrated cannabis operator and allows for Retail, Delivery, Manufacturing, Distribution, and Cultivation operations. The rare retail dispensary license is one of only 204 licensed in all of Los Angeles, and allows an operator access to the largest cannabis consumer market in the state. The opportunity includes Fountain of Wellbeing’s in house brand “Knbis”, which has done $7.5M in sales and recently ranked #51 flower brand in California. The offering also includes two 10,000 SF canopy cultivation licenses, providing an operator an opportunity to add value and build a dedicated Cultivation facility. A fully integrated retail and cultivation will an operator to sell direct to consumer and achieve higher margins than wholesale sales. Don’t miss an opportunity to purchase a turn-key cannabis business in the largest cannabis market in the country.

 

Highlights:

Operational and profitable retail storefrontwhich saw daily patient count double in 2021.

Fully operational cultivation (50 Lights).

Sale incudes all FF & E’s, inventory, and employees.

Amazing opportunity to build out delivery sales and cultivation capacity with existing licenses.


Listing Details

Listing Status
For Sale

Location
North Hollywood, California 91605

Date Listed For Sale:
1/11/2022

Date Last Updated:
1/13/2022

Generating Revenue:
YES

Property Details

Buiding Size (sq ft)
6273 sq ft

Lot Size (acres)
0 acres

Pricing Details

Listing Price
$6,900,000

Property Lease Rate
$13,894/month

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