Listing ID : 834062
Broker ID : DG
Listed On August 31, 2024 179
Listing Updated October 11, 2024
Listing Highlights :
The incredible growth of the cannabis industry has also produced tremendous demand for vendors and suppliers in that industry. This company is a leading packaging manufacturer in this niche market. This company has already been in business for six years and they become a leader in the space by primarily focusing on cannabis and CBD packaging. To meet Industry demand, they offer child resistant packaging, labeling and branding.
Their services include the design and engineering of custom packaging as well as offering a large selection of standard packaging. These packages are not only for cannabis, they can also be used for cosmetics, food and beverages, medical supplies, and much more.
Packaging for the Cannabis, CBD and Hemp markets will rise to $18 Billion by 2030.
The business has many opportunities for cash flow with cannabis, cbd, hemp, cosmetics, supplements and retail consumer packaging capabilities. Business can operate and sell in these industries across North American and Globally.
The gross revenue continues to climb year after year and will only continue to grow as more states legalize cannabis. This business is positioned to scale even more if a new owner wants to increase marketing efforts and attend more trade shows. Based on projected revenue, this business is being offered at a great price. The equipment in this facility is valued at well over $1.7M and is included in the asking price.
Legacy is very important to the current owner, he is willing to stay on board to ensure a smooth transition and continued growth and success.
Facility is under 15 year lease option available to renew every 5 years. In year 3 of the firs 5 year option. The factory runs 24 hours 5 days a week running at about 50% capacity, the revenue growth potential is 200% with current equipment and building business footprint!
Building is in the Costa Mesa Measure X business park with many licensed customers as neighbors. Also opportunity to submit for a Costa Mesa City Cannabis’s license for Delivery, Distribution, Manufacturing or Processing.
Also the leased location is approved for Costa Mesa City Cannabis License!
Packaging for the Cannabis, CBD and Hemp markets will rise to $18 Billion by 2030.
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