Fantastic opportunity to acquire a boutique Cannabis Retail Storefront with a fully operational cultivation facility that also includes 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. The property is 1.01 acres and 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 outdoor grow that is grandfathered in and a 1k Sq Ft indoor grow that can be increased to 7,500 Sq Ft by upgrading the license to a Tier 5. 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
Sale includes ~$500k of inventory between Dispo & Grow
Sale includes Real Estate (1.01 Acres) with rental housing that is fully leased out
All 4 Employees will stay on
Approximate Expenses: Less than $12,000/mo. Depending on the season (Testing, Utilities, Supplies for Grow & Dispo)
2022 Gross Sales $122,467.00 & 2022 Net Profit: $50,736
Retail: 12×30 wooden cabin
Cultivation:
1 Acre of Outdoor
Planting 120 plants for summer (~30-50 lbs)
Has strains that go back to 1980 Humboldt Skunk & 1979 Afghan Maui Waui (~20-22% THC)
1k Sq Ft Indoor (Can increase to Tier 5 for 7,500 sq ft)
40 Lights (LED & HPS mix)
Has buildings to increase grow space
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: $2,900,000.00
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
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Yesenia at (858) 633-3013 or Drew (619) 653-0483
Email : asm@glbgroupinc.com or ceo@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 cannabis business.
