Listing ID: 73228
Exciting opportunity to own a 5.45 acre Medical Cannabis Greenhouse Grow and Processing Business with robust product and apparel website with future growth expansion. The site is located in Logan County, OK +/- 30 min. drive North from OKC.
Yes, 4th Greenhouse (32ft.X98ft) under construction.
- Asking Price: $600,000
- 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:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
built to sell
The company was established in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 completely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, however instead, make use of the seller's response in conjunction with your overall due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that profit margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new consumers? Most times, businesses have repeat consumers, which create the core of their everyday revenues. Certain elements such as brand-new competition growing up around the area, roadway construction, and also staff turnover can affect repeat consumers as well as adversely influence future earnings. One essential point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood typical family earnings impact future revenue potential?