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

Details

Listing #5071

Asking Price: $1,760,000

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: $1,760,000, calculated at 5x net income, reflecting strong financial performance and future potential.