Return to search results

60,000 sqft Licensed Cannabis Company

Salinas, CA (Monterey County)

60,000 sqft Licensed Cannabis Company
Contact Seller

Asking Price: $8,000,000

Cash Flow: $1,814,423

Gross Revenue: $5,890,000

EBITDA: $1,814,423

FF&E: $1,031,411

Inventory: $3,900,398*

Rent: $59,300 /Month

Established: 2017

*not included in asking price.

60,000 sqft Licensed Cannabis Company

Save Print Share Valuation Report

Business Description

Extremely profitable company with plenty of room to grow.

Offered for sale is a true turnkey Cannabis Cultivation operation. The facility has over 56k sqft of growing space. In the first year of operation the business grossed just shy of 6 million dollars and operated at over a 30% margin!!

The business is poised to have an even better year 2 as we expect to increase volume bye 66% and as the state is finally taking down unlicensed competition we have already seen an increase in product value.

All of the hard work has been taken care of. Owner is selling to focus on his other businesses which are out of the area. Take advantage of this opportunity in a truly turnkey facility and secure your future in this fun and exciting industry!

Detailed Information

Location:
Salinas, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
56,800
Lease Expiration:
4/1/2029
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
High Quality 10ft gutter Steel Greenhouse Automated Exhaust Fans Automated Fertigation System Automated Light Dep Automated Drying room Lockable Steel Storage Vaults 2017 CAT Skidsteer All New HAF Fans Onsite Well Water (Free) Compliant Security System with Surveillance Track and trace already installed Many Many More Upgrades
Competition:
A once crowded market is now thinning out due to state awarding permanent licenses.
Growth & Expansion:
Business will increase harvests this year as more nurseries have available stock. The state is really making an impact on the illegal market which is driving prices up. Installation of growing lights would result in double the revenue.
Support & Training:
Current staff wishes to stay with business. Owner will stay active for up to 6 months to ensure smooth transaction.
Reason for Selling:
Owner has other businesses.
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Michael Gregory

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1587651 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Fleet Services International

Franchise Opportunity
Capital Required: $100,000