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Full Absentee Pre-ICO Vertical Dispensary, Cultivation, Distribution Delivery & Manufacturing Cannabis Business For Sale (Van Nuys, California)

Van Nuys, Los Angeles, CA, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 665519

Posted on January 22, 2024 View Count 104

Price For Sale:
$2,700,000
Gross Revenue:
$7,000,000
Current Cannabis Business License:
Yes
Facility & Tenant Improvements:
Key Features: Pre-ICO Fully-Licensed Cannabis Business Prime Van Nuys Location with Strong Customer Base Dispensary, Cultivation 10k SqFt Canopy, Manufacturing, Distribution & Delivery Licenses $10M in Capital Invested in the Buildout, Renovations, etc. Full Owner-Absentee Operation Details: Total Space: +/- 10k SqFt (Retail is 1500 SqFt) Rent: $ 21/k Month Includes NNN Lease: 5YR Lease w/ (3) 5 YRS Capital Invested: $10M All Licenses are Individual Issued, PRE-ICO Licenses Licenses in Operation: Retail, Delivery, Distribution Licenses NOT in Operation- Manufacturing & Cultivation 2022 Gross Revenues: $7M 2023 Gross Revenues: On Pace $2.6M+ P.O.S.- Blaze Wholesale Inventory: $200k Employees: 12-15 Parking Spots: 20 Total Down Payment Required: 80% Owner has Approved Power Upgrades to (4) 400 AMPS Over $500k Invested into the Retail Aspect Alone
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(619) 653-0483
Email:
broker@glbgroupinc.com
Description :

This is your chance to acquire a top-tier Pre-ICO cannabis operation, complete with a dispensary, cultivation 10k Canopy, manufacturing, distribution, and delivery licenses, with a full owner absentee ran model. The business is located in Van Nuy’s which is a prominent neighborhood in the middle of the San Fernando Valley, a part of the city of Los Angeles (Population 3.8M+) in Southern California.
 
Van Nuy’s is a bustling community with a growing demand for cannabis products. As an epicenter of cannabis culture and commerce, this location offers unparalleled access to a vast customer base and limitless potential for growth. This established business boasts an impressive track record, having generated over $7M in gross revenues last year. While the current owners are now focusing on other cannabis assets outside of California, causing sales to drop to a projected $2.6M this year, their original success is a testament to the business’s potential.
 
Nearly $10M has been invested into this business, ensuring top-of-the-line facilities, equipment, and infrastructure. As a fully owner-absentee operation, this is a turnkey opportunity ready for the new owner to take over.
 
 
 
 
Key Features:
Pre-ICO Fully-Licensed Cannabis Business
Prime Van Nuys Location with Strong Customer Base
Dispensary, Cultivation 10k SqFt Canopy, Manufacturing, Distribution & Delivery Licenses
$10M in Capital Invested in the Buildout, Renovations, etc.
Full Owner-Absentee Operation

Details: 
Total Space: +/- 10k SqFt (Retail is 1500 SqFt)
Rent: $ 21/k Month Includes NNN
Lease: 5YR Lease w/ (3) 5 YRS
Capital Invested: $10M
All Licenses are Individual Issued, PRE-ICO Licenses
Licenses in Operation: Retail, Delivery, Distribution
Licenses NOT in Operation- Manufacturing & Cultivation
2022 Gross Revenues: $7M
2023 Gross Revenues: On Pace $2.6M+
P.O.S.- Blaze
Wholesale Inventory: $200k
Employees: 12-15
Parking Spots: 20 Total
Down Payment Required: 80%
Owner has Approved Power Upgrades to (4) 400 AMPS
Over $500k Invested into the Retail Aspect Alone

Licenses:

Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Cultivation: Growing cannabis up to 10,000 SqFt Canopy Size.
Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, Nurseries, Retailers, & Distributors.
Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
 

 
Asking Price: $2,700,000.00 (Seller Open to Offers) 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

Eric Espinoza, DRE LIC CA #02077927

If you have any questions Call Eric (858) 245-6324  or Drew at (619) 653-0483

Or Email: broker@glbgroupinc.com or ceo@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

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Green Life Business Group Inc.
License:DRE CA # 02061374

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