Listing ID: 83956

Business Overview

7200 square feet of building space in total of 2 buildings presently licensed as a grow facility. One building in use with 4800 square feet. Second building used as storage, buildings sitting on 2.6 acres, room for expansion.
4800 sf building in full opoeration with all needed equipment.
Inventory separate at time of sale, licensed as a 500 grow medical in a friendly marijuana zone.

Financial

  • Asking Price: $2,500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2021

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,200
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

4800 sf grow in operation. 3 grow rooms, 40 lights each, multi purpose room,prep room,loading/unloading room, electrical (600 amp-480 volt.

Is Support & Training Included:

Trained staff, owner willing to advise

Purpose For Selling:

Owner looking to relocate

Pros and Cons:

Bay City area friendly to recreational grow.

Opportunities and Growth:

Plenty of room to expand, one 2400 sf building available to utilize.

Additional Info

The company was established in 2021, making the business 1 years old.

The company has varies upon seas employees and resides in a building with approx. square footage of 7,200 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of other reasons. This is why it is very vital that you not rely completely on a seller's word, yet rather, use the seller's solution combined with your total due diligence. This will repaint a much more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too tight. Numerous 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 also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be met or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new clients? Often times, companies have repeat clients, which form the core of their day-to-day profits. Particular elements such as new competitors sprouting up around the location, road building, and also employee turnover can impact repeat consumers and adversely affect future profits. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local median house earnings effect future earnings prospects?