San Diego Area Micro License looking for a partner/investor. $2.5M
It's very simple.
$2.4M gross sales for the dispensary in 2020
$200k in manufacturing sales 4th qtr 2020 and growing fast.
FREE and clear land (worth $1.5M with improvements.)
OPTION 1: Equity - 49% ownership. (8% preferred/guaranteed minimum return. $200k/yr - $16,675/mo.)
OPTION 2: DEBT/EQUITY - 1st position lien on real estate loan of $1.5M. (10% interest only. 5yr balloon. $12,500/mo) $1M Equity for 20% ownership (8% preferred/guaranteed minimum return. $80k/yr - $6,675/mo.) Combined monthly Debt&Equity payment $19,175/mo)
Business & assets are worth est. $7M now with 5yr history and established business. Manufacturing will do over $700k in sales in 2021 in addition to the $2.4M the dispensary did in 2020. Approved changes to local laws will allow grows and increased revenue due to recreational sales and manufacturing opportunities sometime in mid-late 2021. Having a micro license and our own land will allow us to instantly take advantage of this and increase profits further.