Listing ID: 76675
Here is your opportunity to purchase a Turn-key Marijuana facility. The facility is currently operating under a tier-2 license, has city water and city sewer, 3-phase power, 2,000 gallon propane tanks, 5 growing bays (150’x35′), clone room, drying room, trim room, kitchen/lounge, ADA bathrooms w/showers, and security systems. This facility also has the ability to get a dispensary license, the property was constructed with that in mind and is ready for a dispensary. The current license allows for 5 ac to be developed, of which only 2.5 acres is developed, and the entire parcel is 35 acres allowing more opportunities to expand. Current owners have contacts that will be shared and a bank account associated with the business that will also transfer, saving more time.
- Asking Price: $3,999,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
5 Growing Bays (150'x35'), Clone Room, Drying Room, Trim Room, Kitchen/Lounge, ADA Bathrooms w/ Showers
The company was founded in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is very essential that you not rely entirely on a seller's word, however rather, make use of the seller's solution together with your total due diligence. This will paint an extra practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new customers? Most times, companies have repeat clients, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the area, road building and construction, as well as employee turnover can affect repeat clients as well as adversely impact future revenues. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average home income influence future earnings prospects?