619.795.4340 sales@glbgroupinc.com

Turn-Key Cultivation, Manufacturing, Distribution and Delivery MicroBusiness For Sale (Cathedral City) #147

New Popular Med., Rec., Turn Key 

 Cultivation / Posted 3 weeks ago / 163 views

$2,250,000.00

Turn-Key Cultivation operation in Cathedral City, that has been in operation for a year. This Micro-Business is licensed for Cultivation, Distributor-Transport Only, Manufacturing and Retailer Non-Storefront. Currently the Cultivation and the Distribution (Distributing own product currently) are in operation. Addition of the Manufacturing & Delivery operation will add a significant increase to the current revenues.

The Cultivation alone is doing over $300k per cycle,those revenues are not including the Manufacturing, Delivery aspect that can be established on site as well.

The cannabis market is competitive, but with the turn of the year licensed owners will see a very strong market position due to regulation enforcement and the closure of non-licensed facilities. Revenues are expected to increase in the next 12 months due to these changes being carried out by the state in 2019.

Building:

  • Space: 6,000 sq ft
  • Power: 3 phase 1200 amp
  • Ceiling height: 10 ft
  • Parking spots: 13

Crop:

  • 7 Cycles per year
  • 6 Strains Currently
  • ~ 140 lbs/crop Depending on Strains
  • Licensed shops are paying between $2,500 -$3,000 per pound

Lease:

  • 5 year, w/ (2) 5 Year Options
  • First Right of Refusal

Expenses:

  • Rent: $12k/month  ($2/sqft)
  • Water: $300/month
  • Power: $10k-12k per month

Recap:

  • License: Cultivation, Distributor-Transport Only, Manufacturer, Retailer Non-Storefront
  • Employees: 4

 

Asking Price: $2,250,000.00

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.

Eric Espinoza, DRE LIC CA # 02077927

If you have any questions call Eric at (858) 245-6324

 

 

Cannabis Broker, Cannabis Brokerage, Cannabis Real Estate, Cannabis Cultivation
Listing Location

Riverside County,California

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