Cannabis Cultivation Generating $2.5M in Gross Revenue

CannaMLS ID: 4213
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Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Property Is Leased:
Yes
Has Buy-in Option:
No
Facility Is Built Out:
Yes
Has Room For Expansion:
Yes

Established in 2016, this fully-licensed, profitable, and well-established cultivation site is a fully turn-key operation located in Monterey County. Everything is set up and ready for new owner to start growing immediately.

The current owners invested a tremendous amount of time, effort and financial resources into building out the space and to optimize growing conditions. All of the equipment and fixtures at the site are included in the asking price and owners will assist with the licensing process.

This cultivation site is currently running with approximately 5,000 square feet with 150 lights. The cultivation produced approx 1,200 lbs of cannabis flower last year. As the entire facility was originally not used for cultivation in 2019, yield could be increased 35% to 1,650 lbs, generating $3,300,000 annually at $2000 per pound.

Cultivation square footage: 5,000 sq ft canopy currently
Total usable space: 8,000 sqft.
Total building: 15,000 sqft.
Total potential Canopy could be up to 10,000 sqft.

Seller is moving to a larger facility and is open to purchasing cannabis flower from the new owner.

This business is highly suitable for an existing brand or cultivator looking to expand its grow operations or a dispensary looking to grow its own product.

Seller is willing to carry.  Minimum down payment of $1.5M is required. If an all-cash offer is made, sellers would consider accepting less than full asking price. Make an offer!

 

Presented by: Jeff Shenk & Catherine Ulangca
Liberty Business Advisors of SF, Inc.
11700 Dublin Blvd. Suite 230, Dublin, CA 94568
DRE#02012258

Price: $3,995,000

Listing Status: For Sale

Details

Date Listed For Sale: 9/15/2020
License Type: Adult Use Specialty Indoor

Location: California 95039


Listing Type

  • Cultivation



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Terms And Options

3 years remaining on initial term / 3 + 3 + 2 year optional extensions