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Retail Dispensary and Delivery in Northridge, CA (Social Equity License) – Turn Key

Northridge, Los Angeles, CA, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 858121

Listed On October 27, 2024 View Count 158

Listing Updated October 28, 2024

Price :
$1,000,000
Business Overview :
Gross Revenue:
$1,380,000
Year Established:
2021
Number of Employees:
5
Inventory Included:
Yes
Estimated Value of Inventory:
$84,368
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
No
Estimated Value of FF&E:
$150,000
Outstanding Liabilities & Debts:
Yes
Total Amount of Outstanding Liabilities & Debts:
79,079
Growth and Expansion Opportunities:
The license allows for delivery which we do not currently offer.
License Details :
License Status:
Active – Current (Social Equity)
License Type:
Recreational/ Adult Use, Medical
License Activities:
Retail / Dispensary , Delivery
Business Location Details :
Business Location:
Leased
Rent:
$7,749
Facility & Tenant Improvements:
Store is very nice and clean inside, products all behind the counter style.
City Cannabis Tax Rate:
15%
Size:
1,267 Sq. Ft.
Terms :
Financing:
Cash, Owner Financing
NDA Required:
Yes
Support & Training Offered:
Yes, will provide limited assistance for 3 months.
Reason for Selling:
Spread too thin, not enough time to allocate to the business.
Company Overview :
Description :

Disclosing conditions before releasing any more information: provide proof they are a qualified social equity, proof of funds, NDA, and written LOI.

Location: Northridge, CA – Full Address will be disclosed after disclosing conditions are met.

Tier 1 Social Equity License – had to have been vetted a social equity Tier 1 or 2 by Department of Cannabis to be social Equity and purchase the business. Social equity candidate would have to own no less than 33.3% of the business.

Lease: 1267 sq ft $7749/m flat 4% annual rent increase (not NNN)

Lease Ends August 30, 2028. (Approx 3 years and 10 months left on current lease) with option to extend additional 5 years. Landlord is holding a 10K deposit.

Gross Receipts (sales including all taxes collected) – $157,974

Gross Sales (all sales) for month of September – $110,830.48 (reduced by discounts of $28,554.11)

Net Sales (sales minus refunds)  for month of Sept – $110,771.72 (reduced by discounts and refunds of $58.76)

October numbers are on track to do higher approx. $115,000 , sales have been increasing every month consistently.

No Outstanding Taxes – any outstanding amount will be taken care of before completion of sale

No loans other than revolving inventory debt (product is typically on a net 30 – 1 in 1 out basis)

Over 100,000 SF Greenhouse on 13+ Acres

7800 County Road 152, Salida, CO, USA

Greenhouses For Sale

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