This is an excellent opportunity for someone that is looking to set up a large scale operation. Los Angeles County alone is establishing itself to become the largest legal cannabis market in the world! Larger than Northern California, Oregon, Colorado and Washington state combined.
By simply implementing the Delivery service and not factoring the other licenses, the Delivery can bring in an additional $8MM alone. An average delivery service does between 150 and 200 deliveries a day, a really good one will do between 250 and 400 a day. Average ticket on deliveries are higher than storefronts, industry average is 110 per order. At 200 deliveries a day at the $110 average order, the Delivery can provide an additional $8MM in revenue per year
Licenses are held at a 30,000 sq ft location. However, the new operator can obtain any number from 5,000 sqft to 30,000 sqft and only have to pay on the space they need at $1.50 per sqft.
California State License Types:
- Type 5A – Cultivation; Indoor Large: For indoor cultivation using exclusively artificial lighting greater than 22,000 square feet, inclusive, of total canopy size on one premises
- Type 7 – Manufacturer 2: Can conduct extractions using volatile solvents (ex: butane, hexane, pentane) or mechanical methods on the licensed premises provided that the extraction process is noted on the application form and the relevant information is provided to the Department pursuant to subsection (b) of Section 40128. Can conduct packaging and labeling of cannabis products on the licensed premises
- Type 9 – Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer
- Type 11 – Distributor: Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors.
Asking Price: $1.5 mill
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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