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Licensed Cannabis Oil Mfg

Cathedral City, CA (Riverside County)

Licensed Cannabis
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Asking Price: $1,200,000

Cash Flow: $1,250,000

Gross Revenue: $6,000,000

EBITDA: $1,250,000

FF&E: $375,000

Inventory: $20,000*

Rent: $27,500 /Month

Established: 2019

*not included in asking price.

Licensed Cannabis Oil Mfg

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Business Description

Existing cannabis concentrate product, licensed by the State of California for resale to both medicinal and recreational cannabis consumers.

The line of various THC-containing oil cartridges and pods went live into retail sales in 2018, and has been exceptionally well received by the consuming public. Demand is beginning to outstrip management’s ability to meet it without the infusion of additional production and working capital.

Products are currently sold in several retail dispensaries in Southern California, and are distributed by separately licensed organization that has placed limits on new accounts due to supply availability.

The business is primed for expansion of production, marketing, sales and distribution all with multiple branded product lines. $400k of the asking price is attributed to license value, and the rest is for FF&E and expansion costs.

Seasoned management team to stay on. Existing product specs will be met or exceeded by bringing production in-house. Other advantages include production planning control, vertical margin addition and operational cost offset achievement with the addition of bulk sale and third-party contractor sales.

New facility build-out estimate: 5-6 months

Detailed Information

Location:
Cathedral City, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
6/30/2024
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Up to 10,000 s.f. available for dedicated and licensed cannabis concentrate manufacturing, and assemble of end-user cartridge products
Competition:
Competition is limited but increasing as new entrants join the industry and markets. However, barriers to entry are high, and time consuming to navigate license paperwork and approval processes.
Growth & Expansion:
The market is huge and expanding at double-digit rates. It's definitely not too late to get in to the lucrative markets for legalized cannabis products.
Support & Training:
Full training and consultation provided in ongoing arrangement
Reason for Selling:
Expansion into new markets
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(from currently available funds)
 
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Gregory DiCristina

Business Listed By:
Greg DiCristina

The Chase Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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