The Retail is 1 of the 11 licensed Retail facilities in West Hollywood and has phenomenal traffic counts and strong area demographics. One of the best LOCATIONS in all of Los Angeles County. It’s been operating successfully with little to no marketing and without implementing the Delivery License! In 2020 the business did $4.3M in gross revenues on pace to do the same for 2021! So much upside to this opportunity. This fully permitted and licensed retail license includes the ability and capability to deliver cannabis products directly to consumers throughout Los Angeles and Southern California markets via the delivery service.
In 2017, the West Hollywood City Council adopted a cannabis ordinance allowing a variety of cannabis businesses to be licensed in the City. The City of West Hollywood has undertaken a robust, merit-based selection process for cannabis applicants.During the month of May 2018, applicants were allowed to submit cannabis screening applications to the City. The City received over 300 screening applications from over 120 different applicants (most applicants submitted applications in multiple categories). Only the top 8 were selected and granted licenses and this is 1 of the 11!
- Space: 2,925 SqFt
- Rent: $21,500/Month
- Lease Terms: Long Term Lease In Place
- 15 Parking Spots
- Employees: 15
- Point of Sale System: Green Bits
- Wholesale Inventory: $150k
- Avg Ticket order: $60/order
- 2020 Gross Revenues: $4.3M
- 2021 Gross Revenues On pace to do $4.3M
- 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: $4.99M (Seller Financing Available)
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
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.