217Listing ID: 271077GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $6,900,000
Status : ACTIVE
Company Name : Green Life Business Group Inc.
Phone : 619-653-0483

The Retail is 1 of the 8 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 8!

Details:

  • Space: 2,925 SqFt
  • Rent: $21,500/Month
  • Lease Terms:
  • Assigned Parking Spaces: 10
  • 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

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: $6.9M (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 or Email: ceo@glbgroupinc.com

PRICE REDUCED: Distribution and Retail Delivery | Lake County, CA
Great opportunity for a Distribution and Retail Delivery Cannabis Business in Lake County, CA
Call Roy Harris at (916) 600-3851 for more info.
DRE CA LIC#01853228
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Cannabis & Hemp Banking
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