This is a fully Turn-Key Cultivation and Distribution business for sale, located in Long Beach, CA. Owner has all necessarily licenses and equipment already in place, the facility is gated and has a high grade security system set in place. Currently, the business is on pace to do $3.2M in gross revenues for 2020.
City of Long Beach Tax Rates: Medical/Adult-Use Cannabis Distribution – 1% of Gross Receipts, Medical/Adult-Use Cannabis Cultivation $13.20 per Square Foot under Cultivation
- Space 6,500 SqFt
- Lot Size: 8000 SqFt, gated and highly secured.
- Lease $1/SqFt for 7 years, with a Long Term Extension option.
- Lights: 178 lights, 4 flower rooms with Vegg room
- Power: 1000 Amps of 466
- Uses: Recreational & Medicinal
- Current owner will transfer strains and plants with the sale of the facility.
- Cultivation- 5,000 SqFt Canopy Size
- 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. A Type 11 licensee shall not hold a license in a cultivation, manufacturing, dispensing, or testing license category and shall not own, or have an ownership interest in, a facility licensed in those categories other than a security interest, lien, or encumbrance on property that is used by a licensee. A Type 11 licensee shall be bonded and insured at a minimum level established by the licensing authority.
Asking Price: $3,590,000.00 (Includes Broker Fees)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.
Green Life Business Group, Inc DRE CA LIC# 02061374
Anna Ulezko, DRE CA LIC# 02117699
If you have any questions Call Anna (631) 512-1433
Or Email: email@example.com