Posted on February 4, 2023 / 79Listing ID: 283140APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $3,599,000
Size : 2000
Cannabis or Hemp Use Allowed? : Cannabis and/or Hemp
License Type : Recreational, Medical
Utilities : Water, Electricity, Gas, Sewer, Trash
Company Name : Karen Marie Muller
Phone : 9492803092

Seller manufactures and distributes CBD rich tinctures, salves, balms, lotions, sprays, capsules, vapes, gummies, bath bombs, bath salts and face serum & creams online and through retail outlets. Seller also manufactures and distributes THC rich  tinctures, salves, balms, lotions, sprays, tinctures, capsules, vapes, bath bombs and salts through AZ licensed dispensaries.  Seller was founded as a hemp based company in order to fulfill the need for effective, legal CBD-rich products.  It later partnered with a large AZ Dispensary in order to bring effective THC rich wellness products to the market. Seller has consistently grown its net revenues with minimal marketing, through word of mouth and kept costs low with efficient operations.  Current EBITDA at a 12 month run rate of $800,000.  Inventory in finished and packaged goods is $280,000 and not included in purchase price.  $100,000 of equipment is included.  Since its founding, Seller’s brands have received multiple awards and recognition for their uniquely formulated health and wellness products, including recognition as one of the best brands in the cannabis industry.  Years of research went into developing proprietary formulations, whereas many CBD companies simply use white labeled products. Brand names used are federal and local trademark protected. Growth in sales has been organic through word of mouth. There has been no sales and marketing budget and no SEO purchased for CBD website sales. Implementing a sales and marketing budget/team would be the next logical step to achieve higher sales. Expanding to other states, distribution deals or franchises are all possibilities that should be considered by a buyer. There is an option to expand production in Missouri with local partners and immediately sell product to five partnered Missouri dispensaries. Current key team of employees can stay and/or assist on a transition. Minimal to no owner oversight needed for day-to-day operations if current employees are retained.  Seller rents 2,000 square feet of manufacturing and distribution space for $2,500 per month including utilities.  In addition, Seller leases space at a large Arizona dispensary in order to manufacture THC wellness products under the dispensary license and then distribute them at the dispensary and to other dispensaries. All arrangements are month to month.  50% of purchase price up front and seller will carry the remainder for 2 years at 7% interest. NDA and POF Required.  Seller is represented by Karen Marie Muller, Arizona Broker License #BR687753000.

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Cannabis & Hemp Banking
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