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Las Vegas Fully Vertically Integrated Cannabis Dispensary, Cultivation, Distribution & Processing Business For Sale (Las Vegas, Nevada)

Las Vegas, NV, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 660248

Posted on January 10, 2024 View Count 90

Price For Sale:
Inquire for Price
Gross Revenue:
$24,000,000
Real Estate:
Leased
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(619) 433-5773
Email:
ceo@glbgroupinc.com
Description :

Unique opportunity to acquire a Fully Vertically Integrated Cannabis Business in the heart of the highly sought after Las Vegas market. It is licensed both at the Local and State level for Retail Storefront, Cultivation, Production and Distribution. This is a great opportunity for someone who is looking to expand their footprint in the Nevada Cannabis Market while also taking advantage of the nearby major markets or someone who is looking to enter the industry into an established business.

The Retail end of the business has been in operation for over six years and sits on a high traffic location near a major freeway. The Cultivation & Distribution business occupies a 20k Sq Ft building and is equipped with 340 Lights. The grow currently does about 2700 lbs per Year out of the 20k Sq Ft facility, and the owner put in over $4M in Fixtures and Equipment. The Production facility occupies a 13k Sq Ft warehouse and will include ~$1M in inventory! The full vertical operation hit $29.5M dollars in gross revenues for 2022, and are at $24M revenues YTD January through September this year!

The 100+ employees of the company are led by an experienced and effective management team that is expected to remain with the company after acquisition.

Cannabis Businesses were labeled as essential businesses back in March, 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

2023 Sales YTD (Jan-Sept):

$2.1M Cultivation Sales
$8.7M Dispensary Sales
$$11.6M Production Sales
$1.3M Other Sales
$24M Total Revenues to Date

2022 Sales:

$3.3M Cultivation Sales 2022
$12.4M Dispensary Sales
$11.7M Production Sales
$2.1M Other Sales
$29.5M Total Revenue

Retail Shop Details:

Licensed both at the Local and State level
Space: 3,200 Sq Ft (2,335 Sq Ft for Showroom)
Rent: $5,650/Month
Inventory: ~$700K
2021 Gross revenue was $13.3M (Owner Full Absentee)
# of Employees: 41 employees

Cultivation/Distribution Details:

Licensed both at the Local and State level
Total Space: 15,500 Sq Ft
15,000 Sq Ft for Cultivation
400 Sq Ft for Distribution
Rent: $20,600/Month
Inventory: ~$2.2M
# of Employees: 44 employees

Production Details:

Licensed both at the Local and State level
Space: 13,200 Sq Ft (10,000 Sq Ft for Production Area)
Rent: $16,900/Month
Inventory: ~$1M
# of Employees: 23 employees
Included assets: 

~$700k in inventory for the Storefront
~$2.2 Million at for the Grow
~$1M for the Production business.
Book of Business & Brand
All Equipment & TI’s

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.
Distribution- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, & Retailers
Cultivation – Licensed to cultivate (grow), process, and package cannabis; to have cannabis tested by a testing facility; and to sell cannabis to retail cannabis stores, to cannabis product production facilities, and to other cultivation facilities, but not to consumers.
Product Processing – Licensed to purchase cannabis; manufacture, process, and package cannabis and cannabis products; and sell cannabis and cannabis products to other product production facilities and to retail marijuana stores, but not to consumers. Cannabis products include items like edibles, ointments, and tinctures. 

Asking Price: Call For Offers

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary.

This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.

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Green Life Business Group Inc.
License:DRE CA # 02061374

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