Hydroponic Supply: Hi-Vol $4.6 mil, Net $360K, Prc $1.8 mil

North Hollywood, CA (Los Angeles County)

Hydroponic Supply: Hi-Vol $4.6 mil, Net $360K, Prc $1.8 mil
Contact

Asking Price: $1,800,000

Cash Flow: $360,000

Gross Revenue: $4,500,000

EBITDA: N/A

FF&E: $0

Inventory: $300,000*

Rent: $3,200 per Month

Established: 2010

*not included in asking price.

Hydroponic Supply: Hi-Vol $4.6 mil, Net $360K, Prc $1.8 mil

Save Print Share Valuation Report

Business Description

> This hydroponics market boasts a high turnover of over $4.5 million per year and a net income of $360,000 per year. Most are cash transactions.
> Over the past decade, the business has grown so much that it has become the only successful hydroponic supply business in the region.
> As we all know, with the legally permitted retail marijuana business and the private sector allowing it to be grown for medical purposes, the demand for business continues to grow, and the type of business continues to expand.
> Depending on more than 95% of sales are mostly cash transactions, and furthermore there is no competition..
> Below is a business summary:
• Asking price is $1.7 million and additional $300,000 value in inventory
• Gross sales are $375,000 per month on average
• Net income averages $30,000 per month
• Rent is $3,200 including NNN
• 3 year lease plus 3 year option
• 4 employees, 2 of which are 1099 employees.
• 10 years in current business
• Fine parking space in front and side
• 50% down commercial loans (term-business loan) available
NOTE
> Never speak to staff or interrupt work during your observations, since employees are unaware of the sales of the business.
> The business summaries and financial information posted here are deemed reliable and are obtained from trusted sources via the seller's accountant and/or the seller's formal and informal records.
> However, it is suggested that the use of this information be limited to something that is not clear until verified
> The broker and/or its agent shall not be held liable for such information whether or not it is true

Attached Documents


Detailed Information

Location:
North Hollywood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
11/30/2027
Employees:
4
Facilities:
Storage, Office
Competition:
No
Financing:
Huge Cash Sales
Support & Training:
2 weeks after closing
Reason for Selling:
Having another business
Contact

Contact Form

(from currently available funds)
 
Send Message Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Notice


Kevin Kim

Business Listed By:
Kevin Yongsok Kim

Bee Realty Group

Report an issue with this listing

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1909638

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings