This location is on one of the busiest streets in all of Los Angeles. With over 72,000 VPD (Vehicles Per Day), signage on both sides of the road and has the right to 3 Billboards located on the property. In 2021 the business did $4.4M in Gross Revenues and is on pace to do $3.3M (Does not Include City Tax) in 2022, all from the Retail outlet alone! Currently the business is not utilizing the Delivery outlet, which Deliveries are allowed to deliver to all of California! The simplicity of home delivery provides the convenience that many consumers and patients appreciate with the benefit of quality cannabis products.
Revenues:
- 2022 Gross Revenues: $3,163,367.68
Details:
- Space: 1,900 SqFt (Could be Doubled)
- Rent: $7,600 /Month
- Lease: 5 YR Lease
- Wholesale Inventory: $200k
- Buildout & Fixtures: $300k
- Very Motivated Seller
- Assigned Parking: 10+
- Employees: 11
- POS: Leaflogix
- Business is Located in a Major Intersection
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.
Asking Price: $2,000,000.00
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
If you have any questions call Drew (619) 653-0483
Email: ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
