302Listing ID: 273789GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $10,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 619-653-0483
Great opportunity for a potential California leading, vertically-integrated Cannabis Business that could make a great addition to any Multi State Operator’s Southern California footprint! The fully vertical cannabis business is located right at the heart of one of the most dynamic neighborhoods of the San Fernando Valley in Van Nuys (Population of 1.5M). Los Angeles is a destination point for 50 million annual visitors. Currently only the Retail and Cultivation are operational, the business is on pace to do $6.5M Gross Revenue in 2021, from the Retail alone! The delivery business isn’t being utilized to its full potential, and the Manufacturing and Distribution licenses are in place for the new owner to operate them. Another great thing is that this is not a MicroBusiness License, all the license uses are individually issued.
 
Cannabis Businesses have been 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.
 
Details: 
  • Space: 4,000 SqFt
  • Rent: $8k/Month
  • Long Term Lease in Place
  • 55 Parking Spots
  • Employees: 24
  • Cultivation Lights: 66 Lights
  • Delivery isn’t being Utilized
  • Distribution License in place
  • Manufacturing License in place
  • Business is Running Fully AUTO PILOT
Gross Revenues: 
  • 2020: $7M Gross Revenue
  • 2021: On Pace to do $6.5M from the Retail side ALONE
 
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, cannabis and cannabis products as part of a retail sale.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer
  • Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
  • Distribution- Distribution of medical cannabis and medical cannabis products from manufacturer to dispensary. A Type 11 licensee shall hold a Type 12, or transporter, license and register each location where product is stored for the purposes of distribution.
  • Cultivation- Growing Cannabis


Asking Price: $10,900,000.00  (Seller Financing Available w/ 50% DOWN)

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

Drew Mathews, DRE CA LIC# 02091143

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

Operational Cannabis Retail, Cultivation, Delivery, Manufacturing & Distribution Business For Sale (Van Nuys, CA)
Great opportunity for a potential California leading, vertically-integrated Cannabis Business that could make a great addition to any Multi State Operator’s Southern California footprint!
Call Drew Mathews at (619) 653-0483 for more info.
DRE CA LIC# 02091143
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Cannabis & Hemp Banking
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