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Successful Marijuana Business, Rec & Med Retail Store & Grow Operation

Elbert, CO (El Paso County)

Seller Financing Available
Successful Marijuana Business, Rec & Med Retail Store & Grow Operation
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Asking Price: $950,000

Cash Flow: $266,344

Gross Revenue: $1,600,000

EBITDA: $266,344

FF&E: $50,000

Inventory: $100,000*

Real Estate: $1,950,000*

Established: 2014

*not included in asking price.

Successful Marijuana Business, Rec & Med Retail Store & Grow Operation

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Business Description

NEW LOWER PRICE! Turn Key Cash Flow Positive Retail Store, Inexpensive to Grow!

Once you submit an NDA, as long as you have a net worth over $1.5M, I have been given permission to send you the Detailed Sales Package which includes Full Financials and a Video Walk Through of the Facility and Interview of the Owner. Thank you, Jeff.

Recreational & Medical Marijuana Retail Store and Recreational & Medical Grow Operation in the South Front Range in Colorado.

Unique opportunity in growing fast paced cannabis industry. Located in a picturesque town in Southern Colorado, with one of the best high traffic Recreational & Medical Stores. The business is profitable and top and bottom lines continue to grow.

The business has a turn-key cash-flow positive retail store, an indoor grow operation that has room to expand an additional 18,000 plus square feet. Growers can expand their grow operations and grow much less expensively than in the Denver Metro area. The building cost is half of the cost in the Denver market, labor is available and reasonably priced, and the building is practically custom suited to a large indoor grow operation. The building has insulated walls, covered truck bays, very high ceilings, and upgraded electrical. The market conditions in this location are extremely favorable for a tier 3 low cost indoor grow operation.

The price for the retail operation has been lowered to 950K plus inventory from 1.4M plus inventory. Inventory is estimated to be 100K. The building is being offered at 1.95M and the seller will not sell one without the other being sold.

The cannabis business is well-known and established in the industry and market a wide selection of medical and recreational products from the largest brands in Colorado.

This business has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. This business will not change after the sale based on their reputation and location. They maintain very high ratings in both Weedmaps and Google with very positive comments.

The owners are retirement age and is selling due to retiring.

The owner states that “they believe growers can grow more economically in their location than in the Denver Metro area because of the much lower cost per square foot in building, lower cost and availability of employees, and buildout cost. The building is perfectly suited for a large in-door grow operation which could significantly lower growers’ costs.” Buildings of their size in the Denver Metroplex cost over 5M compared to their 1.95M, employees are 2/hour more expensive in Denver than in their market, and employees are easier to find from a lack of other options. They already have the skilled employees to manage a larger operation.

A buyer must get pre-qualified from the State of Colorado which must be completed before the owner will consider entertaining any offers. http://marijuanabrokercolorado.com/marijuana-pre-suitability-application/

The owners believe their license will transfer to a pre-qualified buyer as smoothly as the law allows. They believe there will be no issues in the transition as long as the buyer completes all licensing requirements and follows all regulations.

This business is 5 years old and have a solid name and the finest reputation for fair dealings. They are in good standing with the City, County, State and MED. They have a great record for safety (OSHA) and no legal battles. They run a sustainable green operation where all water, soil, and plant materials are captured and recycled.

Building(s): The retail store is approximately 1,500 square feet on street level with an opportunity to add an additional 1,500 square feet of unoccupied space. The indoor grow operations consist of 20,000 plus square feet which is designated for recreational and medical growing, or other potential process operations. The initial phase 1 grow operations includes 4,100 square feet is being used for their tier 1 recreational & medical growing operations. The location has a great floor plan, very functional, efficient, in good shape, and is up to all commercial codes. The tier 2 plan has a fully enclosable area approximately 5,600 square feet that with the ability to allow for 2 floors of tier 2 growing totaling 11,200 square feet. In addition, there are plans for tier 3 which includes an additional 5,000 square feet grow area, enclosed genetics area, sustainable process area, and enclosed garage for secure transport. Plus, the HVAC, and the electrical has been upgraded including new transformers. lighting upgraded or added new, and the grow equipment have all been replaced or added in recent years. Keep in mind that the building was a refrigerated building so the electrical already has the capacity needed for a larger grow operation. Electrical upgrades can be over $500K and this building should not need that. The building and entire operation has security cameras and fully compliant with city, state and MED. The property has plenty of parking, including designated handicap spaces and is ADA compliant. At 1.95M the building is approximately half the cost that it would be in Denver.

Thank you for your consideration,

Jeff Chapman Eisnaugle, Cannabis Business Broker
Direct 303-905-7607
Office 303-284-7025
Fax 720-524-6482
jce@companybroker.com

This is prepared by Company Broker Group with information provided by the Seller. This is a marketing piece that neither the Broker or the Seller are responsible for its accuracy. This information is not a substitute for a buyers due diligence which buyers are responsible for doing before they buy. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and protected from disclosure except to banks, partners, and other potential sources of funding whom must be told that they are part of your non disclosure agreement. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer.

The information contained in the marketing piece has been obtained from a source(s) that are believed to be reliable; however CBG has not verified any of the information and will not warranty or guarantee or indemnify its accuracy. Buyers must verify this information to their complete satisfaction before completing any purchase of any business represented by CBG.

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.

Detailed Information

Location:
Elbert, CO
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
21,500
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building(s): The retail store is approximately 1,500 square feet on street level with an opportunity to add an additional 1,500 square feet of unoccupied space. The indoor grow operations consist of 20,000 plus square feet which is designated for recreational and medical growing, or other potential process operations. The initial phase 1 grow operations includes 4,100 square feet is being used for their tier 1 recreational & medical growing operations. The location has a great floor plan, very functional, efficient, in good shape, and is up to all commercial codes. The tier 2 plan has a fully enclosable area approximately 5,600 square feet that with the ability to allow for 2 floors of tier 2 growing totaling 11,200 square feet. In addition, there are plans for tier 3 which includes an additional 5,000 square feet grow area, enclosed genetics area, sustainable process area, and enclosed garage for secure transport. Plus, the HVAC, and the electrical has been upgraded including new transformers. lighting upgraded or added new, and the grow equipment have all been replaced or added in recent years. The building and entire operation has security cameras and fully compliant with city, state and MED. The property has plenty of parking, including designated handicap spaces and is ADA compliant.
Competition:
The best high traffic Recreational & Medical dispensary and grow facility in a well-known and growing town. The business consistently has over 2M in gross revenues per year. The company’s top and bottom lines are growing.
Growth & Expansion:
The building has a turn-key cash-flow positive retail store, an indoor grow operation that has room to build out an additional 18,000 plus square feet with the capacity to accommodate a tier 2 & 3 grow operation, and for many reasons it has a very valuable license. Plus, growers can buy the building and grow much more economically than in the Denver Metro area. The market conditions in this location are extremely favorable and boasts one of the highest per-capita sales of cannabis in the state.
Financing:
10%
Support & Training:
The owners believe their license will transfer to a pre-qualified buyer as smoothly as the law allows. They believe there will be no issues in the transition as long as the buyer completes all licensing requirements and follows all regulations.
Reason for Selling:
The owners are retiring
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Jeff Chapman Eisnaugle

Business Listed By:
Jeff Chapman

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Sponsoring Broker:
Paul Olsen

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