Listing ID : 570511
Posted on June 23, 2023 126
Don’t miss this opportunity to purchase a retail dispensary license in the City of Los Angeles! Asking price is $400,000. License is a Round 3 Tier 1 Social Equity license, which is currently not tied to a property and can be placed at any eligible property in a community plan that still available slots.
After purchase of the license, new buyer will be responsible for all property acquisition, licensing and buildout costs and will own 49% of the license but will have managerial control of the business. The social equity licensee must remain on the license until the City of Los Angeles allows a full transfer of the license, which will be completed as soon as legally allowable. After the business opens, until the City of Los Angeles allows a full license transfer, the current equity license holder will be paid a monthly salary (to be mutually agreed upon).
Social equity license holder does have a very successful legal flower brand with a local following and will add a great deal of credibility staying on the license for promotion purposes.
Assistance with structuring operating agreements, locating and securing property, permitting, facility design and project management are also available.
This location has over 2200 customers in the system and is currently operational. Its set up with Webjoint POS. Great opportunity for anyone that is
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