Turnkey Cannabis Cultivation Business For Sale (Santa Barbara, California) #863

Unique opportunity to acquire a turnkey cultivation cannabis business in one of California’s most strategic markets, Santa Barbara (Population +88k). The business is located in a perfect central location and sits on a 14 acre property that is geared towards an outdoor cultivation operation as well as a Nursery. This cutting edge cannabis business meets state and local requirements. This turkey business has been consistently producing harvest after harvest of potent outdoor cannabis with a meticulous focus on quality. Santa Barbara is located near Los Angeles and is known for its cannabis friendly taxes adding greater value. By establishing a footprint in Santa Barbara, a new operator may target the largest nearby markets in northern California.  This is a great opportunity for someone that is looking to expand their cultivation footprint in a favorable tax city that includes, 4% for cultivation, and 1% for nurseries. 

California recently announced the “Provisional”, or temporary license, program will sunset June 30, 2022 which means that in order to operate legally you must go through the arduous and time consuming process of getting a full “Annual” license or acquire an already existing state provisional license.

Details:

• Space: 14 Acres
• Rent: $8k/Month
• Lease: 5 YR w/ (3) 5 YR options
• Power: 3 Phase
• Operational Since: 2020
• Employees: 2-4 (Also have labor contractors) Total 4-8
• Buildout: $500k
• Included Assets:
  • Equipment
• 2021 Gross Revenue: $1M
• 2022 Gross Revenue: $3M
• 2022 Net Income: Approx $1-2M

License:

• Cultivation: Growing cannabis

Asking Price:  $2,999,000.00 (Seller Open to Offers w/ $1.5M Down!!!) 

Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Eric Espinoza, DRE LIC CA# 02077927

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

Or Email : eespinoza@glbgroupinc.com

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