Listing ID: 73191
Okmulgee County Indoor Medical Cannabis Grow with Automation & 3.84 Acres
The cannabis industry in Oklahoma is definitely on the rise. There are new players coming in every day! And those new players are new to the difficult task of delivering high quality cannabis. Government regulations have been a little difficult in early years. However, the cannabis industry and the legislators have been working feverishly to get the rules and regulations where they need to be and Oklahoma has potential to be the best Medical Marijuana program in the world! The idea of this company started in 2020 with the plan to finish 2nd In-door Building build-out 2Q2022. The firm recently harvested a successful grow in 2021.
The biggest accolade that sets us apart is low overhead and our efficient indoor farming set-up and the consistency of our premium cannabis. Customers are constantly reminding us that our organic product is superior.
Currently utilize 4,000 SF for growing, Expanding Indoor growth with build-out of 2nd Metal Insulated Building 6,000 SF; for total future grow area of 10,000 SF.
- Asking Price: $1,280,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
built to sell
The business was established in 2020, making the business 2 years old.
The business has 2 employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, however instead, make use of the seller's solution together with your total due diligence. This will paint a more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover things like supplies, payroll, accounts payable, etc. Remember that in some cases this can imply that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new customers? Many times, businesses have repeat consumers, which create the core of their daily profits. Specific elements such as new competition sprouting up around the area, roadway building and construction, as well as staff turnover can affect repeat consumers and also adversely impact future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the possibility to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the regional average home earnings impact future earnings potential?