Exciting Multi License opportunity to enter the cannabis space with high revenues, located in the most sought after market in the world! Positioned in a premium area in Los Angeles that serves not only locals but tourists alike. This dispensary has amazing visibility providing the shop with a high volume of foot traffic. With over 50 employees this business runs like a clock!
The shop has done $5.6mil from January to July averaging $800k/month gross. It is on pace to do $9.6mil this year that’s a 1.67X Evaluation. The revenues are coming from the Dispensary, Distribution and Manufacturing. The Cultivation supplies the in house flower for the Dispensary.
Not only is it successful as it is but also has huge upside. The shop does very limited to no marketing outside of Weedmaps and local events. By allocating time and capital into Marketing it can add a significant percentage of both top line and bottom line performance.
The cannabis market is competitive, but with the turn of the year licensed owners will see a very strong market position due to regulation enforcement and the closure of non-licensed facilities. Revenues are expected to increase over the next 12 months due to these changes being carried out by the state in 2019.
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.