Business Overview

The medical cannabis in-door grow facility is outfitted for growing in a multi-level brick warehouse. The warehouse is currently utilizing 4, 25 SF X 20 SF grow rooms; for a total of 2,000 SF yet has the building size to expand to 20,000 SF. Robust irrigation system with new AC units for climate control.. Three phase power source with all the perks of being located in a business district. Standard non-disclosure & proof of funds will be required prior to disclosure of the in-door grow details..

Financial

  • Asking Price: $499,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

downsizing

Additional Info

The company was started in 2018, making the business 4 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nevertheless, the true factor and the one they tell you may be 2 entirely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a variety of other reasons. This is why it is very essential that you not depend completely on a vendor's word, but instead, utilize the seller's response combined with your overall due diligence. This will repaint an extra practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover things like supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that profit margins are too small. Many organisations 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 obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific elements such as brand-new competitors sprouting up around the area, road building and construction, and also staff turn over can impact repeat consumers and adversely influence future earnings. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local median house income influence future income potential?