Listing ID: 77494

Business Overview

Currently approved is 55k sq ft of light deprivation hoops and a 27,000 sq ft mixed light “indoor” greenhouse.? What’s in operation is 45,000 sq ft of the hoop (photo included).? All engineering and plan sets are complete and ready to submit for this greenhouse, a small processing building, and ADA bathrooms.? Two of the other 3 Parcels are eligible for the same footprint as well as additional nursery and processing space.? We are ready to submit parcels 2 and 3 as well.?.

Licensed Mixed Greenhouse Farm in SLO County. Over 520 acres, 4 separate Parcels. 10,000 sq. Ft existing cultivation and in application with the county for an additional acre of outdoor and 12,000 of dep. Ultimately it could have 3 acres of cultivation. Roughly 2 miles from Lake Nacimiento.
Well: 90 gals/min well with 10,000 storage.
BARN: 30×50 barn/shop with 10′ overhangs on each side. There’s also a standalone
bathroom with a shower. Small solar system to power everything. It’s all permitted.
INCOME: Approximately 500k profit, it’s only 10k sq. Ft. The value is what’s possible and the size of land gross sales 1.2 -1.5 Million – Net is approximately $500,000.

The financial information was supplied by the seller and has not been verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
All data, information including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by the broker for accuracy. Properties or Businesses may or may not be listed by the office/agent presenting the information.

Financial

  • Asking Price: $6,800,000
  • Cash Flow: $600,000
  • Gross Revenue: $2,337,894
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. Nevertheless, the real reason and the one they say to you may 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 factors stand. But also, for some, these might just be reasons to try to hide the reality of changing demographics, increased competition, current decrease in profits, or an array of various other reasons. This is why it is extremely essential that you not depend absolutely on a seller's word, yet instead, utilize the vendor's solution along with your total due diligence. This will repaint a much more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new consumers? Many times, companies have repeat customers, which form the core of their everyday profits. Particular factors such as new competition growing up around the location, road building and construction, and also employee turn over can affect repeat consumers as well as negatively affect future earnings. One important point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the chance to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average home income impact future revenue potential?