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50
Price : $2,300,000
Listing Type : Warehouse/Industrial
Status : ACTIVE
$/ Sq. Ft. : 1.75
Medical or Recreational : Recreational, Medical, Both
Phone : 818 266 9596

Unique play for a large scale Cultivation, Manufacturing (Type 7 Volatile), Distribution and Delivery service in Los Angeles County. These licenses can be transferred to any 1 of the 3 buildings mentioned below. These large production buildings have ample power and space.

This is an excellent opportunity for someone that is looking to set up a large scale operation. Los Angeles County alone is establishing itself to become the largest legal cannabis market in the world! Larger than Northern California, Oregon, Colorado, and Washington state combined.

By simply implementing the Delivery service and not factoring the other licenses, the Delivery can bring in an additional $8mil alone. An average delivery service does between 150 and 200 deliveries a day, a really good one will do between 250 and 400 a day. Average ticket on deliveries are higher than storefronts, the industry average is 110 per order. At 200 deliveries a day at the $110 average order, the Delivery can provide an additional $8M in revenue per year

Licenses can be transferred to any one of these 3 locations, around $1.75/sqft, long-term lease available, for each Building:

  • Building 1: 12,000 sqft
  • Building 2: 30,000 sqft
  • Building 3: 35,000 sqft

 

California State License Types:

  • Type 5A – Cultivation; Indoor Large: For indoor cultivation using exclusively artificial lighting greater than 22,000 square feet, inclusive, of total canopy size on one premise
  • Type 7 – Manufacturer 2: Can conduct extractions using volatile solvents (ex: butane, hexane, pentane) or mechanical methods on the licensed premises provided that the extraction process is noted on the application form and the relevant information is provided to the Department pursuant to subsection (b) of Section 40128. Can conduct packaging and labeling of cannabis products on the licensed premises
  • Type 9 – Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer
  • Type 11 – Distributor: 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.

$2,300,000

Lawrence Hormozian, DRE LIC CA# 02077928

If you have any questions call LAWRENCE (818) 266-9596

 

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