Fantastic Cannabis Cultivation Opportunity
Background
| BizEx ID: | BizEx1431-AK |
|---|---|
| General Location: | Santa Barbera County, CA |
| Category: |
Agriculture Medical Products & Supplies |
| Years in Business: | 7 |
| Under Present Owner: | 7 |
| Hours of Operation: | 6am-2pm 7days |
| Owner Hours: | To be determined |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | |
| Lease Options: | |
| Building Size: | 6 greenhouses plus 20 to be constructed |
| Employees: | 5 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $2,200,000 |
|---|---|
| Down Payment: | $2,200,000 |
| Gross Sales: | $2,477,500 |
| Discretionary Cash Flow: | $1,127,000 |
| FF&E: | $100-150,000 |
| Inventory Included? | |
| Inventory: | $0 |
| Min. Operating Capital: | $1,350,000 |
| Real Estate Available? | No |
| Rent: | $6,000 |
| Payroll: | $19,667 |
Description
California's legal cannabis market is projected to reach USD 5.4 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 12.2%.
Seize this opportunity to participate in one of the fastest growing industries in California.
Combining green house and outdoor cultivation's this permitted grow is projected to produce millions of dollars in revenue.
Anticipated rescheduling of marijuana will enable expansion of marijuana sales to states outside of California.
Own a permitted marijuana cultivation project with enormous upside .
The micro-climate of Santa Barbara County in general and this location in particular is excellent for the cultivation of marijuana.
This project will grow through greenhouses and outdoor cultivation's.
Excellent lease.
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
