Profitable Medical Marijuana Grow With High Growth Potential For Sale
| Asking Price: | $2,000,000 |
| Gross Revenue: | $1,080,433 |
| Cash Flow: | $805,000 |
| Rent: | $6,550/Month |
HS Listing ID-62997
-3 years in business
-Owner wants to move back to Florida
-Would like to keep some equity in company and work in a non-salaried sales growth type of role
-Buyer needs to be OK resident or leave current owner on license until OK resident
-Low competition and no MMJ licenses available in OK currently
-1 acre to expand (value add)
-Fully compliant with OMMA
-Sporadically audited
-All cash business – will take about 4 weeks to create bank account didn’t want to do it because he thought it was getting sold $400-$1k monthly fee
-Has all utility bills
-All equipment paid for
-Property could be bought for $600k-$700k
-168 lights in flower room
-9 plants per light
-Has a unique growing system producing an above average 2 1/2 lbs per light
-Recently received cloning license which allows them to sell baby plants to other growers ($6-$9 each)
-Has it set up but hasn’t sold a ton
-Could add dispensaries (value add)
-1512 plants per harvest (4-5 harvests per year)
-Time to flower 65-70 days
-Full harvest 85-90 days
-Has a outside crew to hand trim
-A little over 2 years left on lease $5600 rent
-4 employees
-Grower is willing to stay with business
-Has an operations manager that ran an even bigger grow for 3 years
-Positive changes in regulations for Marijuana federally
-Seller financing with 50% down for experienced buyer
-9910 sqft
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
