Listing ID: 82546
Bear Paw Fur Dressing Inc., once a taxidermy school in a former top secret government facility near the Canadian border, is now home to Montana’s finest craft Mom & Pop medical cannabis company. Offered at $2.75 million, the crown jewel of this company is it’s unique 6,800 sq. ft. facility. 9.11 acres are surrounded by 8’ chain link fence, with razor wire easily reinstalled, making it the “most secure facility in the state”. The warehouse is a 1980s Type 1 retired government outpost. Type 1 means it is indestructible. The whole building is explosion proof making it an excellent choice for a cannabis processor who would like to supply the whole state with wholesale concentrates and edibles. Additionally, there is a fireproof room that could keep you safe with the building burning for up to 6 hours around you.
This is a wonderful feature because this facility is remote. You can see anyone coming for miles and be to the Canadian border in 10 minutes. The warehouse also features 7 loading docks, and an unbelievable Reverse Osmosis (RO) water system to complement well water rights. Your workers can be housed in the 3 homes. One has a full unfinished basement. This basement has been used for growing plants and is set up to heat the home from the lights and attached greenhouse. There are leftover government concrete pads with metal lines for wiring. Within this 9.11 acres, you could build enough square footage to easily supply the state. Entire business available, to state licensed buyers. This includes the oldest leased dispensary, the first you see coming from Canada, in the large town nearby. Through over 10 years of business, old strains have been preserved and hundreds tested to find the most excellent medical strains. Equipment includes all extraction, processing, growing, packaging, compliance, and retail.
- Asking Price: $2,750,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
6800 SQ. FT explosion proof building, 3 houses with 4 bedrooms and 2 bathrooms each, 1 with a studio apartment, one with an unfinished basement and greenhouse used to heat all 3 houses. Water rights 15 gallons per minute. Leased dispensary in town. Vertical grandfathered licenses.
Montana began recreational sales on January 1, 2022 and is seeing 5x the sales.
This business can easily grow 10,000 sq. ft. canopy now and move up in tier size. Montana grandfathered MMJ companies can continue to add dispensary locations as well. There is a moratorium on new licenses for 18 months, so the only way to get into this exciting new market is to become a person of interest on a current business. This business is ready to hand the reigns and to someone else. All grow and kitchen equipment included. Owner financing available.
The company was started in 2008, making the business 14 years old.
The business has 3 employees and is located 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 individuals choose to sell operating businesses. However, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is really essential that you not depend completely on a seller's word, yet rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too small. Lots of organisations fall 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 tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their day-to-day earnings. Particular aspects such as new competition sprouting up around the location, road building, and also staff turn over can affect repeat clients as well as adversely impact future earnings. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the higher the chance to build a returning customer base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the regional mean home income effect future income prospects?