Listing ID: 83947
Operating Class A (500) Medical Marijuana Facility in the process of Licensing Adult Use, Located in Pinconing Township just east of I-75.
4800 sf building sitting on 6 acres with 1300 ft of frontage on Fraser Rd.
2 grow rooms (30 x 60 each) 1 nursery, vault (concrete block)
Security system, video surveillance, 40 lights each grow room,
rolling benches, water supply Co2.
Inventory separate at point of sale.
- Asking Price: $2,250,000
- 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:Own
- Property Included:Yes
- Building Square Footage:4,800
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
4800 sf metal sided building, spec for township approvals (Home Based)
Manager open to training discussions.
Owner has family health situation.
6 acres in a marijuana friendly environment.
This Business Is Home Based
The business was founded in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 completely different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of various other reasons. This is why it is really crucial that you not rely absolutely on a seller's word, yet instead, make use of the seller's response together with your overall due diligence. This will repaint a more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items like supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too thin. Many businesses come under a revolving door of taking loans 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 building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Often times, companies have repeat customers, which develop the core of their everyday revenues. Particular aspects such as new competition growing up around the area, road construction, and also staff turnover can influence repeat consumers and also adversely influence future incomes. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to construct a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood typical household earnings effect future earnings prospects?