Licensed Cannabis Cultivation Business For Sale in California

Adelanto, CA (San Bernardino County)

Seller Financing Available
Licensed Cannabis Cultivation Business For Sale in California
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Asking Price: $1,600,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2017

Licensed Cannabis Cultivation Business For Sale in California

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Business Description

Turnkey Licensed Cultivation and/or Extraction businesses

Cultivation Business Details:

Very low multiple of .58 times gross sales and a .87 based off EBITDA using the existing 112 lights. Huge upside to add an additional 500 lights.

Exclusive listing, 3% commission to cooperating active licensed agents.

City Cannabis tax super low @ only $5/sqft of building space per year

Turnkey for new operator. All staff already in place.

6,251sqft of the building is not being used yet, can be used for expansion

Inside the 8,000sqft industrial building are 2 Modular buildings 8ft wide by 45ft long, each building is 2 stories. We are cultivating in the 2 modular buildings currently.

Each modular building has 4 levels of racking, 2 racks per story, a very efficient use of space.

Currently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights.

2,432 plants.

If a rolling rack system is utilized at 3 levels high you can add another 500 lights, in the remaining open space in the industrial building. The ceiling height is 16 ft.

Based on 152 bloom lights, we expect to get 2 lbs from each light and do 5 harvests a year which would give you a total of 1,520 lbs a year @ $1800/lb, that would give you a total gross revenue of $2,736,000.

If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a year

The rent is 8,000sqft times 2.25/sqft which equals $18,000/mo NNN

Local and State Cultivation license in place.

800A from Southern California Edison currently

Southern California Edison has agreed in writing to add an additional 4000A to the building by December 2019

At $600/lb for expenses, that would give you total expenses of $912,000 based on 152 bloom lights. This would give you a net income of $1,824,000. At 652 lights that would give you a net income of $7,824,000.

Operations started 5/10/18.

Asking price $1,600,000 Seller will cooperate with a profit share or similar with a sizable down payment.

Please contact Chris Shepard, Broker/Owner at with any questions.
Lic # 00984970

Detailed Information

Facilities:
2 Modular buildings each one is 8ft wide by 45ft long, each building is 2 stories. Each modular building has 4 levels of racking, 2 racks per story, a very efficient use of space. Currently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights. 2,432 plants.
Business Website:
http://tivus.com
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Business Listed By:
Chris Shepard

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