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PRICE REDUCED – Operational PRE-ICO Dispensary and Cultivation for Sale – North Hollywood

North Hollywood, CA 91605, USA
APPLY FOR A BUSINESS LOAN
Cannabis Businesses For Sale | Cannabis Cultivation/ Grow Businesses For Sale

Listing ID : 865037

Broker ID : 01788589

Listed On November 26, 2024 View Count 338

Listing Updated March 19, 2025

Price :
$999,000(Price Reduced)
Business Overview :
Gross Revenue:
$2,100,000
Cash Flow:
$352,450
Year Established:
7
Inventory Included:
Yes
Accounts Receivable Included:
Yes
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Outstanding Liabilities & Debts:
No
Growth and Expansion Opportunities:
Retail can be moved to a property in an area that is a better fit for retail, and use the old retail space for additional cultivation, manufacturing or distribution.
License Details :
License Status:
Active – Current
License Type:
Recreational/ Adult Use, Medical
License Activities:
Retail / Dispensary , Cultivation, Manufacturing - Non-Volatile , Delivery, Distribution
Business Location Details :
Business Location:
Leased
Rent:
$16,725
Size:
6,200 Sq. Ft.
Utilities:
Electricity, City Water, Sewer, Garbage
Terms :
Financing:
Cash, Owner Financing
Broker Co-Op:
Yes
NDA Required:
Yes
Company Overview :
Description :

This exceptional investment opportunity features a Pre-ICO micro-business license in Los Angeles, offering unparalleled flexibility and potential for expansion. The micro-business license, encompassing retail, delivery, cultivation, distribution, and manufacturing, provides an all-encompassing solution for cannabis operations. Uniquely, all licenses are transferable within Los Angeles, empowering the new owner to relocate the dispensary to a more favorable retail environment or strategically separate licenses to maximize revenue streams. This versatility paves the way for endless growth opportunities in the competitive cannabis market.

Investment Highlights

– Established Operations: Proven track record with successfully operational retail, delivery, and cultivation businesses at the current location for several years.

– Comprehensive Licensing: Includes active licenses for distribution and manufacturing, adding versatility to the business model.

– Cost-Efficient Licensing: The consolidated micro-business license structure reduces licensing fees, offering operational savings.

– Strategic Relocation Potential: Licenses are transferable within Los Angeles, enabling a move to a prime retail area or the strategic separation of operations.

– Scalable Cultivation: Potential to expand cultivation canopy to up to 22,000 square feet once the license is relocated.

– Existing Resources/Layout: 

  – Flower Lights: 50 – HPS 

  – Veg Lights: 13 – LED 

  – Power: 400 AMPS – 3 Phase, 480 Volts

  – Ceiling Height: 11 FT in Flower Rooms

  – Revenue Growth Potential: Significant upside across retail and cultivation sectors, ensuring ample room for increased profitability.

– 2024 Gross Revenue Projections:

   – Retail: $1.4 Million

   – Cultivation: $700,000

  – Total: $2.1 Million

– Good Lease Terms: 

  – Property Size: Approximately 6,200 SF

  – Lease Rate: Approximately $16,725 Monthly

  – Term: Initial Term Expires Oct 2025

  – 5 Year Option to Extend x 1  

– Attractive Asking Price: $999,000, calculated at 5x net income, reflecting strong financial performance and future potential.

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