Great opportunity for a Locally Approved Distribution Type 11 business in Long Beach, CA. Long Beach’s location, just 20 miles south of downtown Los Angeles, places it at the heart of Southern California, providing access to a vast and ever-growing consumer base. This strategic position is particularly advantageous for a distribution business, where proximity to customers and partners is crucial. The business is already 70% built out is a significant advantage. It means that much of the initial infrastructure and setup costs have already been covered, and new owners have the opportunity to add their own unique touch to the remaining 30%, tailoring it to their specific vision and requirements. The new owner would have to continue the construction and buildout. What further sweetens the deal is the cannabis-friendly environment in Long Beach, characterized by favorable tax rates and supportive policies. This regulatory framework ensures that entrepreneurs in the cannabis industry can operate with greater predictability and support than in many other regions. Currently, the licenses are designated for Medical Cannabis Use, but the new owner could apply for Recreational Cannabis Use once the build-out is completed. This way the new owner could obtain Medicinal and Recreational use.

The 1500 sqft space for this business offers ample room for distribution operations, allowing flexibility for storage, distribution, and office space. Additionally, the monthly rent of $3750 is competitive for the area, making it a cost-effective choice for businesses, especially considering the potential returns from operating in this thriving market.

Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing, $13.20 per Square Foot under Cultivation &  8% of Gross Receipts for Retail.

Details: 

Space: 1,500 SqFt
Rent: $3,750
Lease Term: Month to Month (LL Open to Long Term Lease)
70% Built out
Needs Plumbing & Flooring
Gated Parking Lot
Includes Cages

Licenses: 

Distribution: Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors.
 

Asking Price: $125,000.00 (Seller Open to Offers)

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

Tom Milks, DRE CA LIC# 02064305

If you have any questions Call Tom (619) 972-5952

Email: tom@glbgroupinc.com

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