Posted on February 25, 2022 / 138Listing ID: 353988APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $4,500,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 619-653-0483

Great opportunity to acquire a fully turnkey Cannabis Retail Storefront and Delivery business in one of California’s largest cannabis markets Los Angeles County. The shop is currently sitting on a 3,000 sq. ft. facility in which the seller is also open to entertaining offers on the Real Estate. The business also comes with approximately $100,000 worth of inventory creating upside for the new owner. The business is licensed for retail and delivery cannabis sales, the delivery could make deliveries anywhere in the State of California as far as logistically possible. This is a great opportunity for someone who is looking to expand their footprint in the Los Angeles Cannabis Market, while also taking advantage of the very nearby major markets and 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: 

  • Space: 3,000 SqFt
  • Rent: $6,000/Month
  • Inventory: $100K
  • Landlord open to entertaining offers on Real Estate
  • Been at the Same Location since 2006
  • Licensed both at the Local and State level
  • 2021 Gross revenue was 2.2M (Owner Full Absentee)
  • Located in the City of Van Nuys

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: $4,500,000.00 

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

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