Listing ID : 717310
Listed On June 6, 2024 307
Listing Updated October 4, 2024
Fantastic opportunity to acquire a boutique Cannabis Retail Storefront with a fully operational cultivation facility with the option to purchase the real estate! Montana receives 12 million tourists each year and Billings is on the main interstate tourists travel. Billings has a growing population and is expected to reach 200,000 in the next few years and is not saturated with shops. The property itself is valued at ~$1.279M and is. 1.01 acres which includes rental properties on site that are fully leased out, increasing the overall value of this investment. The business has been operational for a year now and gets organic traction without marketing. Seller is working on implementing a marketing campaign with a radius of ~70 miles. The cultivation operation consists of 1 Acre of space with 1k Sq Ft indoor grow that can be increased to 7,500 Sq Ft by upgrading the license to a Tier 5 and 1k Sq Ft of outdoor that is grandfathered in. All key employees will stay on board and the current operator is willing to stay on board for 3 months to assist the new owner in transitioning into the operation.
Details:
- License: Retail Storefront and Cultivation
- Seller stay on for 3 months to train the new operator
- Option to purchase Real Estate (1.01 Acres) with rental housing that is fully leased out (Valued at ~$1.279M)
- All 4 Employees will stay on
- Approximate Expenses: $7,300/mo. Depending on the season (Testing, Utilities, Supplies for Grow & Dispo)
Retail:
- 12×30 Wooden Cabin
- Rent: $1,800/mo (Long Term Lease Available)
- Employee payroll: ~$3,000/mo
- Utilities: $100/mo
- POS: ~$200/mo
Cultivation:
- Rent: $1,800/mo
- Utilities: ~$400/mo
- 1 Acre of space with 1k Sq Ft indoor grow that can be increased to 7,500 Sq Ft by upgrading the license to a Tier 5 and 1k Sq Ft of outdoor that is grandfathered in
- Planting 120 plants for summer (~30-50 lbs)
- Has seed stock and pollen that goes back to 1980 Humboldt Skunk & 1978 Afghan Maui Waui
- Has strains that go back to 1980 Humboldt Skunk & 1979 Afghan Maui Waui (~20-22% THC)
- 40 Lights (LED & HPS mix)
- Has buildings to increase grow spac
License:
- Dispensary Storefront- Facility where cannabis, cannabis products, or devices for the use of Recreational and/or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
- Cultivation: Growing Cannabis
Asking Price: $220,000.00
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
Yesenia Jimenez, DRE LIC CA #02073168
If you have any questions Call Yesenia (858) 633-3013
Or Email : asm@glbgroupinc.com
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.
Green Life Business Group Inc. we are here to both help you sell or buy a canna
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