Jim Span, Business Broker
The Chase Group
1902 Wright Place, #200
Carlsbad, CA, 92008
Profitable Licensed Cannabis Dispensary for Sale
Asking Price: $ 2,800,000
Location: Los Angeles County
Down Payment: $ 2,200,000
Total Sales: $ N/A
Discretionary Earnings: $ 280,000
Rare opportunity to own an existing and licensed cannabis dispensary operation located in Los Angeles County. Business caters to both medicinal and adult-use clientele.
Huge price drop of $700k as owner has new cultivation opportunity to pursue. Take advantage now!
Fully licensed and compliant, this business includes a large space in the back quarters that can house your cannabis concentrate manufacturing operation, or can be set up with a subcontractor for the same purposes to generate a $15,000 per month cash cost offset (income). The back space had previously been used for this purpose, and can be easily put back in operation.
Modern build out, secure and bright facility design highlights a large diversity of products, and caters to wide-ranging clientele. Continued enforcement of cannabis licensing laws and requirements means that this business continues to grow as non-licensed operators are phased out of the local area.
Much to see, and great potential for further growth with addition of Distribution operation. Deliver and Distribution are also covered under the Micro-business license, so there are many avenues of growth for an enterprising team.
Location:Los Angeles County, CA
Inventory:Included in asking price
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:Front end retail dispensary also has 1,100 s.f. of back end space dedicated to cannabis concentrate manufacturing. Can install your own operation or continue to use subcontractor that pays $15,000 per month in fees to owner.Competition:Moderate to low competition, but much has historically come from non-licensed operators. City and Sherriff are now both cracking down on non-compliant operators so competition is fading, leaving a good opportunity for further growth
Growth & Expansion:Add new products, launch your own concentrate operation, get into Delivery or Distribution. All of these and more are avenues for growth.
Financing:$2.2M down, will carry $0.6M in quarterly pmts
Support & Training:4 weeks @ 32 hours per week
Reason for Selling:New business opportunities in cultivation side of industry