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Annual Licensed Fully Operational Outdoor Cultivation Business For Sale (Santa Barbara, California)

Santa Barbara, CA, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 674632

Posted on February 12, 2024 View Count 157

Price For Sale:
$1,700,000
Gross Revenue:
$3,000,000
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(858) 245-6324
Email:
broker@glbgroupinc.com
Description :

This unique opportunity presents an ideal chance to acquire a fully operational outdoor cultivation cannabis business in Santa Barbara, one of California’s most strategic markets. With a population of over 88,000, Santa Barbara offers a prime location for establishing and expanding a cannabis business. The property itself spans 14 acres, providing ample space for both outdoor cultivation and a Nursery. The cultivation business is designed to meet all state and local requirements, ensuring compliance with regulations and licensing. It has a proven track record of consistently producing high-quality, potent outdoor cannabis through a meticulous focus on quality control. The consistent harvests demonstrate the expertise and commitment of the existing operators, making this a valuable asset for potential buyers.

One of the significant advantages of Santa Barbara is its proximity to Los Angeles, a major metropolitan area with a substantial consumer base. Additionally, Santa Barbara is known for its cannabis-friendly tax policies, which further enhance the value of this opportunity. With cultivation taxes set at 4% and nurseries at 1%, the favorable tax environment allows for greater profitability and business growth. By establishing a footprint in Santa Barbara, the new operator gains access to one of the largest nearby markets in northern California. This strategic location allows for easy distribution and access to consumers in regions with high demand for cannabis products. Expanding cultivation operations in this favorable tax city opens doors to lucrative business opportunities and potential partnerships within the industry.

In summary, acquiring this turnkey cultivation cannabis business in Santa Barbara presents a unique opportunity for expansion in a highly strategic market. The central location, coupled with the 14-acre’s of actual canopy space the property optimized for outdoor cultivation and a Nursery, provides the necessary infrastructure for successful operations. With a focus on quality, compliance with regulations, and the advantage of cannabis-friendly tax policies, this opportunity offers a favorable environment for growth and profitability.

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:

Canopy 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:

Outdoor Cultivation: Up to 14 Acres of Canopy Space
Cultivation (Nursery): Able to Propagate Immature Plants/Clones 

Asking Price:  $1,700,000.00 (Seller Open to Offers w/ $1M 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: broker@glbgroupinc.com

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

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Green Life Business Group Inc.
License:DRE CA # 02061374

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