New Mexico Operating Cannabis Legacy Grower, Retailer and Processor
New Mexico
| Asking Price: | $4,999,000 |
| Established Year: | 2017 |
Listing ID: 2003017Listing provided by BizBuySell
BUSINESS DESCRIPTION
Great opportunity to acquire one of the approximately 32 remaining “Legacy Licenses" in New Mexico, which allow (a) Full production of maximum allowable plant count, (b) Unlimited retail sites, (c)State wide delivery license and (d) In house extraction and manufacturing. This fully integrated cannabis company has three well located retail sites. Demand for its wholesale flower from other operators is high. Seller has an indoor cultivation facility and processes concentrates and other products.
DETAILED INFORMATION
Location
New Mexico
Inventory
Not Included in asking price
Employees
50
Facilities
15,000 sq. ft. Indoor Cultivation and Processing Facility with 11,000 sq. ft. of grow, curing, processing facilities and 3 well located dispensaries, each with at least 1500 sq. ft. of retail space. The retail dispensary locations are leased but real estate for the cultivation and processing facility is available for lease or purchase from the third party owner at market.
Competition
This privately owned company, with no debt, has reinvested all of its profit to date on expansion and remodeling of its cultivation, manufacturing and retail facilities and brand development. Coupled with the expansion of the retail stores, a buyer could grow its presence in the New Mexico cannabis market.
Growth & Expansion
The New Mexico recreational market opened to the general adult population on April 1, 2022 and has been a great success. In addition to customers who reside in New Mexico, customers from Texas purchase heavily from New Mexico dispensaries located near the border of New Mexico. New Mexico has over 34 million tourists annually.
Financing
Seller is amenable to seller financing for a portion of the purchase price.
Support & Training
Seller can assist in a transition of the business to the buyer.
Reason for Selling
Seller is existing the industry.
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