Green Life Business Group, Inc
Amazing Turnkey Cultivation ready for a new operator in Adelanto. All equipment and staff already in place, owner also has city and state licenses in hand. City Cannabis tax is very low @ only $5/sqft of building space per year.
Inside the 8,000 sqft industrial building there are; 2 Modular buildings 8ft wide by 45ft long, each building is 2 stories. Owner is cultivating in the 2 modular buildings currently. Each modular building has 4 levels of racking, 2 racks per story, a very efficient use of space.
There are 112 LED Bloom lights. A bloom room ready to install another 40 lights which would bring the total lights up to 152.
Based on 152 bloom lights, owner expects to get 2 lbs from each light and do 5 harvests/year which would give you a total of 1,520 lbs a year @ $1800/lb, total gross revenue of $2,736,000.
At $600/lb for expenses, that would give you total expenses of $912,000 based on 152 bloom lights. This would give you a net income of $1,824,000. At 652 lights that would give you a net income of $7,824,000.
Very low multiple of .58 times gross sales and a .87 based off EBITDA using the existing 112 lights. Huge upside to add an additional 500 lights. If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a year
800A provided by Southern California Edison currently, they have agreed in writing to add an additional 4,000A to the building by December 2019. Generator use is permitted for current power needs.
6,251 sqft of the building is not being used yet, can be used for expansion
If a rolling rack system is utilized at 3 levels high you can add another 500 lights, in the remaining open space in the industrial building. The ceiling height is 16 ft.
Building SF: 8,000
Real Estate: 20 yr lease available at $2.25/sqft NNN
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities: 2 Modular buildings each one is 8ft wide by 45ft long, each building is 2 stories. Each modular building has 4 levels of racking, 2 racks per story, a very efficient use of Space.
Inventory: Included in asking price
Distribution License can be included for an additional $250k !
Asking Price: $1,200,000.00
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE CA LIC# 02077927
If you have any questions call 858-245-6324
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.