*Price Drop + Bids Being Accepted Now* Turn-Key Massachusetts Operational Cultivation Tier 2

CannaMLS ID: 7503
Save Listing

Price: $1,500,000


Listing Details


Listing Category
Cultivation

License Status
State / annual license granted

Adult Use
YES

Price: $1,500,000

Listing Status: For Sale

$100k for Business / $200k assets / $1.2 mm building. Unique opportunity to acquire or invest in a Fully Turn-Key Cannabis Cultivation business in the highly sought after state of Massachusetts! This business is in full compliance and income producing with a strong brand presence.   

1 bid already presented.  Opportunity will not last past January 

Family is starting a cultivation business in NY and looking to sell the business at cost to free up capital for NY project.  Priced at 1/3 to 1/2 the current and previous sold comp rates in MA.

The seller maintains great relationships with their stores which allows for top $ wholesale: Most sales at $15 for an 1/8th (wholesale) to the dispensaries.  Head grower selected, pheno hunted strains (from seed) offer an addition bonus.

These relationships, proprietary strains, the brand and book of business would be passed on to the new operator along with an experienced staff (including the COO who is an engineer). There is a lot of upside to this business and with the right management team revenues and profit can increase significantly.

Details

  • CCC approved and in full operation tier 2 Cultivation.
  • Real Estate Included in the Sale - $1.2mm value
  • Space: 9,500 Sq Ft Purpose-built, Phase 1 complete and income producing, Phase 2 ready to build
  • Lot Size: 3 Acres, Room for Expansion 
  • New in 2020: Electrical / HVAC / Fire Protection / Alarm / Walls / Roof
  • All New Electrical:  1200 Amps of Three-Phase Heavy Power with new onsite power transformer and 50kW generator
  • $800k or ~$200 per SF of improvements completed
  • New inside buildout – sprinklers, walls, electrical and state of the art Lighting and equipment
  • # of Employees : 8
  • Inventory and Equipment: $200,000

Brand and Book of Business included in the sale

Bids being accepted now and seller open to investors to keep running as is!!


Listing Details

Listing Status
For Sale

Location
Gardner, Massachusetts 01440

Date Listed For Sale:
10/5/2022

Date Last Updated:
1/7/2024

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
9500 sq ft

Lot Size (acres)
0 acres

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$1,500,000

Property Purchase Price
$370,000

Property Lease Rate
$0/month

Lease Terms:

Building + Property part of the sale


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