Amazing opportunity for a Fully-Turn Key Cannabis Dispensary, Delivery, Manufacturing & Distribution business, located in Long Beach, CA (population of +460K)! If you are looking to expand your retail footprint and enter one of the most desired markets in SoCal this is the opportunity for you. Long Beach is approximately 20 miles south of downtown Los Angeles, and is part of the Gateway Cities region. The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The dispensary offers an innovative and inviting experience unlike any other surrounding shops, that gives customers a warm and welcoming feeling. The business did $3.1M in Gross Revenues for 2020, all proper licensing is in place making this a fully turn key, high revenue producing business.
Long Beach is now known for its favorable tax rates and fair cannabis policies. Long Beach’s local tax rates are 1% of Gross Receipts for Manufacturing, Distribution, Testing and 8% of Gross Receipts for Retail.
- Space: 3,741 SqFt (Retail-1,834 SqFt, Manufacturing/Distribution-1,907 SqFt)
- Rent: $17,750/Month
- Long Term Lease in Place
- Wholesale Inventory: $125k
- Parking Spots: 25+
- 2020 Gross Revenues: $3.1M
- 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 cannabis and 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.
Asking Price: $5,290,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. 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