Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
West L.A. |
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| County: |
Los Angeles |
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| City: |
Beverly Hills |
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| Financial Information |
Detailed Information |
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| Price: |
$650,000 |
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| Down: |
$50,000 |
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| Revenue: |
$877,898 |
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| Adj. Net: |
$453,783 |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This West L.A. Medical Marijuana Dispensary Business For Sale:
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Highlights:
- dispensary and corporate entity originate in 2006 and business possesses a pre-ico / moratorium registered license with all city filings stamped by city clerk prior to deadline date of november 13, 2007.
- business registration is active and on the registration list of 186 legal dispensaries in la county (license alone is worth 250,000 if sold separately).
- business has "qualified" status with the city of los angeles, meaning no other dispensary shall operate within 1000 feet of this registered and thereby "qualified" dispensary/collective.
- corporation is in good standing with the secretary of state, permits and licenses are all zero balance owing to the city of los angeles and state of california.
- business has p&l's from 2008 before renovation when it was seeing 80 patients a day and grossing 5000 per day, on average.
- sale includes patient database of over 1500 patients that are registered with the dispensary.
- discreet and convenient side entrance for patients concerned with privacy.
- newly renovated interior with central air, and paint, with new furniture.
- storefront signage on robertson blvd. Adjacent to beverly hills is luminescent at night,
- business is completely furnished, and comes turn-key with all equipment, furniture, and fixtures,
- 1200 square feet of total space and has completely updated hardwood floors, ample room for growing of medication on-site as is allowed through proposition 215 & sb420.
- front lobby room / patient waiting room, (remote entry),
- remote entry door to the patient waiting room and medicine display room ("green" room),
- 42 inch flat panel display in green room for patients and staff.
- back office room built-out with flat-screen TV and sitting area for management and staff.
- flat screen display and updated security system with dvr, alarm console, and heavy-duty safe,
- ample parking for customers,
- seller\\\'s consultancy for 6 months is included within the purchase price to train new owner on all aspects of the business. Seller has owned five dispensaries in the past, is a member of the legal community by day and is industry savvy and knowledgeable regarding statatory requirements of these types of businesses.
- store will come fully stocked with meds (15,000 value)
- landlord is knowledgeable, industry friendly, and rent is fixed at 3250 per month. The business just renewed its lease at present location for 3 years from july 2009 with an additional 3 year term available for a total of 6 years.
Price: 650,000 in cash or cashier's check in progressive payments of 50,000 due upon signing, 200,000 due upon transfer of corporate entity to buyer, and the final 400,000 to be paid upon delivery of store.
Owner is selling to pursue conflicting business interests and challenges that can be discussed upon request.
Please contact via email.
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