Posted on October 31, 2022 / 149Listing ID: 485520APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $1,250,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 653-0483

Great opportunity to acquire a fully operational cannabis Cultivation and Distribution facility in an ample 25k SqFt space, in the most desirable location in Los Angeles, California. The owner has has approvals for 1,375 lights and currently has 105 installed! The property is also zoned for and could obtain all other cannabis use types like retail, delivery, manufacturing, etc. the new owner would have to apply for those from scratch. There has been close to $1M thats been invested into the buildout to date, with 5 harvests per year . All licenses currently active at the local and state level, ready for a new owner to establish their presence. This is a perfect opportunity for someone who is looking to expand operations and target major markets to establish a larger cultivation and distribution footprint or someone who is looking to enter the industry.

Cannabis Businesses were labeled as essential businesses back in March of  2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details: 

  • Total Space: 25k SqFt
  • Rent: $39,500/Month  ($1.58/SqFt)
  • Lease: 5YR w/ 5YR (1YR)
  • Lights: 105 lights Built; Approved for 1,375 (Double Tier)
  • Power: 12000 AMPS 3 Phase 240V
  • Ceiling Height:
    • Building 1) 12.5ft to beam (105 Lights)
    • Building 2) 12ft
    • Building 3) 14ft
  • Parking Spaces: 20+ Street Parking
  • Employees: 4-5
  • Generating about $1M a YR
  • Buildout: $1M Invested
  • Zoned for All Cannabis Use Types

Licenses:

  • Cultivation: 22k SqFt Canopy
  • 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.

Asking Price: $1,250,000.00 (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 CA LIC# 02091143 & Eric Espinoza, DRE CA LIC# 02077927

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

Email: ceo@glbgroupinc.com

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

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