Turn Key Cannabis Retail only business for sale located in Long Beach, CA (population of +460K)! The business is located in a great location!!! If you are looking to expand your retail footprint and enter one of the most desired markets in SoCal this is the opportunity for you. Long Beach is approximately 20 miles south of downtown Los Angeles, and is part of the Gateway Cities region. The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The business did $1.8M in Gross Revenues in 2020, the sellers are mainly selling this fully permitted dispensary in Long Beach at license value at $4M!!!
Long Beach is now known for its favorable tax rates and fair cannabis policies. Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing and 8% of Gross Receipts for Retail.
- Space: 4,000 SqFt
- Rent: $4/SqFt
- 2020 Gross Revenues: $1.8M
- Fixtures Included: $200k Value
- Parking Spots: 4
- Option to Purchase the Building for Additional $2,490,000.00
- 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, cannabis and cannabis products as part of a retail sale.
Asking Price: $3,990,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. 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