Marijuana: $1.1MM Cash Flow for $4.5MM
Revenue is Growing at over 110% per Year.
Denver Retail (Med/Rec) facility and Grow (OPC) Turnkey MJ Business. This business is in great shape; owners have done a lot of the hard work and their performance confirms it. The business has grown revenue at 43% from 2012 to 2013, 73% from 2013 to 2014 and 111% from 2014 to 2015. This is a highly organized professionally run MJ business poised for additional growth and expansion.
East Side ideal Retail location (both Med and Rec), 3500 square feet great build out in new beautiful facility. Retail Denver Rec/Med: “Destination/Brand” store centrally located in one of downtown Denver’s hottest shopping districts with loyal MJ clientele. This boutique store is conveniently located just minutes from Downtown Denver, City Park, Cherry Creek and Capitol Hill. Profitable store is seeing a steady increase in sales from nearby attractions and a great neighborhood customer base. Upscale retail store designed with separate medical and recreational shopping areas. Office area in the retail facility. 100% compliant with all state and local licensing departments, clean history with no violations.
• Unique MJ location with limited competition nearby due to zoning restrictions – only location in the area.
• Excellent drive by traffic in ideal MJ location.
• Experienced grow and retail staff in place.
Also, 11,250 sq foot grow facility, central location - OPC: Med/Rec Grow Warehouse with additional room for expansion. Fully compliant, zoning approved (plant husbandry). Turnkey operation, licensed and producing facility. Unlimited potential in grow operation, room for much more production. Compartmentalized designed provides individual climate controlled micro-environments promoting performance and reduces contamination. This grow is designed to produce boutique high end cannabis in isolated conditions. Private stock of quality strains and high production volume – new owner will be taking over from experienced growers with high quality and high volume production.
• Utility service upgraded: Power 3200 Amps, Currently using 650 total
• Co2 enriched environment
• 128 grow lamps (detailed asset list provided upon request)
• 48 tons of AC
Contact Us for Additional Info: Greg at 303.829.9761 – email@example.com or John at 303-517-2568 - firstname.lastname@example.org
Marijuana: $3.33MM EBITDA asking $7.5MM
MJ: Profitable, well run MJ business
Turnkey Front Range MJ Business with unlimited potential in grow operation, retail and oil. High EBITDA selling at 2.25X. Over $2.0MM in assets included.
Denver Operation: Retail operation and Grow operation. Retail location: located west of downtown Denver, Dual licensed (Recreational and Medical), 1800 square feet great build out, newer facility, clean, high volume. Includes all equipment and property to operate the store. Also, Grow Operation: high production volume 7,300 square foot OPC/grow facility, central Denver location, Dual Rec/Med licensed, fully compliant and has all approvals (turnkey).
Colorado Springs Operation: Two Retail locations and one Grow facility. 1st Retail location: located north of Colorado Springs, Medical license with 2200 square feet, newer facility, clean. Includes all equipment and property to operate the store. Also, 2nd Retail location: located east of Colorado Springs, Medical license with 1800 square feet great build out, newer facility, clean. Includes all equipment and property to operate the store. Also, Grow Operation: high production OPC/grow facility, central Denver location, Med licensed, fully compliant and has all approvals (turnkey).
Contact us for details: Greg at 303.829.9761 – email@example.com or John at 303-517-2568 - firstname.lastname@example.org
Vineyard and Winery West of RockyMtns, 438K earnings, family lifestyle
Vineyard & Winery West of Rocky Mtns, 438K Earn, Family Lifestyle
Delta County, CO
A combination Winery and Vineyard on the same property makes it even more rare and valuable.
The Vineyard and the Winery are both over 25 years old. It still has the original vines in production. It is located in a prime area for growing grapes for wine making and is an increasingly popular tourist attraction. They have 25 wines and dozens of wine based food products that have won many awards. The formulas and wine making techniques are part of the sale.
They did 985,891 in revenue in 2015 with adjusted earnings of 438,086. They did 948K in revenue for 2014 with earnings of 461K. They have consistently had revenues around $1MM. They are not trying to grow the business because it is a family run business and they have found a comfortable size.
They are estimated to have $750K of current value equipment, intellectual property, fixture, and other small ware. The inventory varies between just over $1MM in the fall and a little over half of that in the lowest inventory part of the off season. The inventory levels vary seasonally. In late September of 2016, they had an estimated total of $1.75MM in current value inventory and equipment not including the property(vineyard and building) which is estimated to be $1.1M.
The sales price has just been lowered to just 2 times the adjusted earnings of 438K($875K) plus inventory. The land and vineyard will be a separate transaction with an estimated appraised value of $1M. The estimated total value for this transaction will be $875K for the business and equipment, just under $1M for the inventory adjusted for seasonality, and $1.1M for the land, building, and vineyard bringing the total up to $2.975M but they will sell for $2.75M for everything(peak season).
The confidentiality agreement (NDA) is in the following link: http://companybroker.com/buyer-profile-jeff.htm which will allow me to send you the full sales package with the name and location of the business along with a detailed data room with financials and a Comprehensive Video on the entire operation and a Full Interview with the Owner. If you have any questions or comments on the CA, please email me at email@example.com. Thank you.
Other important Considerations: You could not start this operation from scratch for less than their sales price. Plus, all of the best land in the best area for growing grapes has already been developed and their area is expected to continue to increasingly grow in popularity. They also have additional space on their land that could have more vines planted or they could buy more grapes to easily grow the size of their operation. They currently sell directly to liquor stores by themselves and a new buyer can use a distributor or rent warehouse space in their main market and hire an outside sales person to increase volume and profits.
Location: Western Colorado
The broker can't give additional details without the NDA submitted by clicking on and filling out this link: http://www.listingsummary.com/winery/Non%20Disclosure%20Winery.pdf Email firstname.lastname@example.org or call 303-905-7607 to get hold of Jeff Chapman if you have any questions.
Brief Overview and Selling Points:
This will be an asset sale that will include Colorado Cellars and Rocky Mountain Vineyard Brands and all assets associated with the facility and the production. The Assets include the inventory which is 5,435 cases of bottled wines including 1/2 of their "Library" and approximately 15,000 gallons of liquid wine in tanks totaling $1,020,987*. The equipment includes 100 wooden barrels, 12 stainless steel barrels, an automated bottling machine, 18 large stainless steel fermentation tanks, a press machine that is a classic that can't easily be found anymore, a de-stemmer/crusher, 2015 van, merchandise, office equipment, and a lot of other specialized equipment and tools that you will see in the video walkthrough of the business worth $646,000. In addition, the intellectual property includes some very valuable details including the exclusive ability to use the word "Colorado" and "Rocky Mountain" in their marketing and wine labels which Federal Law has not allowed since 1986 but is grandfathered forever. They have a professional opinion that their intellectual property is worth over $100,000 but have valued it at $70,335. The total Assets excluding their land/vineyard were worth approximately $1.74MM in September of 2016. The inventory varies by season and must be negotiated with the owner. The total value of all of the assets including the land is very close to the total asking price of $2.75M.
The real estate is included in the sales price but it will be a separate transaction. It is estimated to be worth $1.1MM for 6.2Acres with a 7,000 square foot custom building with a 20,000 watt solar array. There is also an area above the vineyard on their property that could be used to build a house for the owner to live in or to expand the production. They are in the best location in the best area in their State and have the original vineyard with the original vines still in production on their property. They will agree to sell the land based on one or more independent appraisals to the buyer of the business only and make an adjustment to the overall price if it needs to be.
They produce 25 different wines and dozens of wine based food items. The formulas and techniques that they created to produce their wines will be passed on to the new owner and can easily be replicated. The owners are husband and wife and one of them is the winemaker. The new owner can hire another winemaker inexpensively because several schools have programs now and there is a glut of winemakers with the skills necessary to reproduce the wines as they have in the past. They have a model that works which they can transition to a new owner.
Growth: The buyer of this company can increase sales and profitability by increasing the number of vines on their property, buying more grapes/raw juice, doing more marketing, upgrading their distribution etc. They have kept it a comfortable sized operation on purpose. On the video interview with one of the owners, he states that this business could easily double or triple. They found a comfortable size and decided not to expose themselves to the extra cost and pressure of using a distributor because of this. The new owner can change over from self-distribution to hiring salespeople that would work out of a warehouse in the areas that they sell most of their wine or hire a distribution company like most of the other wineries.
This is a one of a kind opportunity that is very rare. You can operate the winery yourself which is its own distinct lifestyle or you can hire a winemaker and operations manager and own it remotely. They still operate all 4 tiers of the process themselves: grape growing, production, wholesale, and retail.
Marketing: The owners have developed relationships over time and have never done much advertising. They have a website that incorporates sales but have never tried search engine optimization or any social media. The website looks and acts old and dated and they realize that it needs work. They do attend some of the wine festivals but only a fraction of the ones that they should attend. They do benefit from their States Dept. of Agriculture which has a $500K annual budget that is spend 1/3rd on promoting their States wines/wineries, 1/3rd of Research, and 1/3 at their discretion. The Dept. has a full time person dedicated to promoting the industry in their State who also listens to an advisory board made up of local Vineyard and Winery owners. It is a great deal for a Company like this since their area has benefited from being promoted.
They also use "natural growing techniques" that include leaf removal, canopy management, re-introduction of grape pomace as fertilizer, minimal natural pest control, measured irrigation, and hand harvesting. They have produced organic and Kosher wines in the past. These could be produced again someday if the new owner wanted to. They also use extensive cold fermentation with native yeast, natural fining and filtration, and exclusively use stainless steel fermentation tanks when most of the industry uses plastic. This is more expensive but makes a big difference in the quality of their product. Most of the newer Wineries use plastic tanks which reduces quality but is much less expensive to buy. Stainless steel tanks which last forever and help to produce the highest quality wines.
They also have 2 of the finest employees in the industry that have been with them for the entire time that they have been a winery.
The new owner will step into recurring cash flow from solid relationships with individuals and businesses that they have been selling their wines to for years. There are no concentration issues for them.
The company’s financials are only basic P & L's that they give to their accountant once a year. A potential buyer will be allowed to discuss their financials with their accountant. They are farmers originally and do not have detailed financials but do have tax returns and all licenses etc. They do keep very detailed records which are mostly in paper form. They have to have meticulous records of everything because they are a regulated business by the ATF. Their numbers are considered at an audited level because of the Federal requirements on monthly bookkeeping. This doesn't mean they create a monthly P & L, just that they know exactly how much of each wine they have and in what form at the end of each month along with a record of where it was sold and to whom.
A new owner will only need to apply for a Federal and State Liquor licenses. A limited winery license can be gotten by the new owner(State license). The limited winery license allows them to produce up to 100,000 gallons a year(they currently are around 25,000 gallons). The limited winery license allows up to 5 satellite sales outlets which is unique to this type of license. These satellite outlets can sell wine accessories, food or be a restaurant, and they can sell other local wines in addition to those of their own manufacture.
The sellers are fully committed to sell the ‘Assets’ of the business and will help as needed for at least one full year post closing for reasonable salaries. They believe they are the best Winery in their region and have the awards and history to back that up. They are proud of what they have built and want to see it grow and succeed in the future.
Plus, Colorado is the best State in the country to own a business. Colorado is THE "#1" fastest growing and strongest economies in the United States, per Money.MSN.com and Business Insider. This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports.
*The inventory can be on the vines, in liquid form fermenting/aging, or in bottles depending on the wine and the time of year. The inventory level also varies by the time of year.
Financial Information: Asking: $875K for the business, appraised value for the property estimated to be $1.1M plus a negotiated amount for the inventory estimated to be between $600K and $1M. The buyer will take over the balance sheet free and clear of all debts and the seller will keep the Cash and Receivables.
Please fill out the attached NDA to be able to talk to Jeff Chapman at 303-905-7607 about your interest in this offering.
If you are NOT interested in this business for sale, but you refer someone to us who buys it, we will immediately pay you a referral fee of $2,000. Please send us anyone who you think would be interested in this offering.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections.
Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.
Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.
Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.
Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.
Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.