Listing ID : 854528
Listed On October 8, 2024 44
Listing Updated October 8, 2024
Listing Highlights :
They focus mainly on Distribution and Logistics to other smaller wholesalers which make up 59% of their revenue, while 38% is sold Business to Business to multi location owners; less than 3% is sold direct to the consumer and this is intentional for research and
development purposes. Boasting sales of $30MM, this B2B business has two primary client types: smaller wholesalers and direct to shop
owners. Services include wholesale, coordinating manufacturing, packaged development with fulfillment, and arranging logistics
through 3rd party freight. The current owner recently reinvested significant amounts of time and money into expanding operations,
including moving to a distribution center twice the size to handle the growth. They operate out of a 12,000 sq. ft. distribution facility in
Southern California. In 2023 they added another distribution center in Florida. This team includes a CFO, General Manager, VP of Sales,
Retail Lead, 2 Manufacturing Leads, Warehouse Lead, 4 Warehouse Associates, 5 In House Sales Reps, 24 Packagers, and 19 Outside
Sales Reps. They do not have any drivers, all are outsourced. The goal for selling is to expand with a Strategic Buyer or Equity Group
who can bring strong business acumen. The owner will remain onboard for 4-5 years and is willing to do a 30% carry or equity roll
combo as a sign of a vested interest in the business’s success. This business is priced at $39,500,000, producing a 30% profit
margin! Another growth area is in manufacturing, bringing it in house to boost productivity. Currently there are 36 States who have
recognized these Low-Dose consumables as a legal product and there are projected to be another 7 states that will follow suit in the
next 6-9 months. The business does not sell any traditional cannabis products but rather regulated hemp which allows them to legally sell
across state lines.
2187 South 10th Street, Rifle, CO 81650, USA
Location: Rifle, CO & Lambertville, NJAuction Ends: April 8th, 10:30 AM MTReady to upgrade your cannabis grow operation? Don’t miss this exclusi
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