Fully Operational Cannabis Cultivation Business For Sale (Washoe County, Nevada) #699

  • $7,900,000

Business Description

Amazing opportunity for an Operational Cultivation business in the highly desired state of Nevada! The sale includes a Nevada Cultivation license for Medical and Recreational cannabis, the Brand, Book of Business and valuable direct to retail relationships that have been held for many years. There is a strong demand for the flower and genetics produced at this facility. All products are sold from harvest to harvest with very little to no back inventory of old sitting products and a virtual line waiting to place orders. Currently the flower is sold in approximately 70 dispensaries throughout the state with incredible brand recognition and a significant reputation for quality, price and consistency! This business has several years of strong revenue and cash flow with the 2020 pandemic being one of the strongest years on the books. The operation has been fine tuned to operate lean and efficiently.  The 22.5k Sq Ft facility has a high end design with a digitally controlled automated cultivation operation that produces constant rotating crops and quality outputs. This is a strong business with current profiting revenues that has room for growth, was well designed and still has room to expand the operation!

This business would be a fantastic addition to your portfolio. It is strategically located to pay much lower tax rates than if they were located in Las Vegas and are still able to target sales to Las Vegas!!

Cannabis Businesses were labeled as essential businesses back in March, 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open

Details:

  • Licenses: Nevada Cultivation MME license for Medical and Recreational cannabis
  • Lease (w/NNN and utilities): $15,000.00/mo (1.5 years left on Lease)
    • First right of refusal after 2024
  • All cultivation rooms are automated, and digitally controlled
  • The facility can be run remotely in regards to irrigation, fertigation
  • 60% built out, Phase II buildout would double gross sales
  • Seasoned Management & Staff = ~22 Employees

Financials:

  1. 2021: $4.1M Gross Revenue ($1.65M Net)  
  2. 2020: $4.7M Gross Revenue ($1.75M Net)
  3. 2019: $3.7M Gross Revenue ($2.6M Net) 

Licenses:

Cultivation – licensed to cultivate (grow), process, and package marijuana; to have marijuana tested by a testing facility; and to sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other cultivation facilities, but not to consumers.

 

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

 

Asking Price: $7,900,000.00 (Seller Open To Offers) 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Yesenia Jimenez, DRE LIC CA# 02073168

If you have any questions Call Yesenia at (858) 633-3013

Or Email : asm@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.

Business Details

  • Price: $7,900,000
  • Business Type: Cultivation
  • Business Status: For Sale
  • Location: Nevada
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Yesenia Jimenez, ASM
  • Yesenia Jimenez, ASM