Cultivation site making $2,500,000 Gross Revenue for sale.

Monterey County, CA

Cultivation site making $2,500,000 Gross Revenue for sale.
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Asking Price: $3,995,000

Cash Flow: $645,000

Gross Revenue: $2,503,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $14,369 per Month

Established: 2016

Cultivation site making $2,500,000 Gross Revenue for sale.

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Business Description

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 to start growing immediately.

The current owners invested a tremendous amount of time, effort and financial resources into building out the space to a high standard 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 4,300 square feet with 150 lights. The cultivation produces 1.5 to 2 lbs per light or 1,200 lbs of cannabis flower per year. As the entire facility was not used for cultivation, yield could be increased 35% to 1,650 lbs, generating $4,125,000 annually at $2500 per pound.

Max space available for cultivation is 5,000 square feet. Approximately 3,000 square feet were used this last year for flower and the rest used for veg space. The cultivation site is expandable to 7,500 square feet with some building upgrades.

The flower produced by this brand has distribution into 200 dispensaries in California and 100% of this grow operation supplied all of its cannabis flower. Seller 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. A minimum down payment of $1.5M is required. If an all-cash offer is made, sellers would consider accepting less than full asking price.

Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the buyer.

Detailed Information

Location:
Monterey County, CA
Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
N/A
Financing:
will carry with $1.5 M down payment.
Reason for Selling:
To obtain bigger nursery.
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(from currently available funds)
 
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Matt Sadati

Business Listed By:
Matt Sadati

Liberty Business Advisors of San Francisco Inc.

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Ad#:1776960

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