Posted on April 5, 2023 / 97Listing ID: 539780APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Banking
Price : $1,700,000
Size : 3996
Lot Size (Acres) : I
Power (AMPS) : 600
License Type : Recreational
Sale Type : Cash, Owner Financing
Phone : 479-466-6202

Outstanding Investment Opportunity: Recreational Marijuana Dispensary and Grow Facility in Historic Pueblo County, CO

License Type: Recreational Marijuana Dispensary and Tier 1 Recreational Marijuana Grow Facility (1,800 plants)

Location: Historic Pueblo County, Colorado

Asking Price: $1,700,000 (inventory to be sold separately)

Lease Details:

  • Monthly Rent: $10,000
  • Lease Renewal: November 23rd, 2023
  • Landlord Relationship: Positive and cooperative

License Specifications:

  • Tier 1 Recreational Grow Facility with 1,800 plant capacity
  • Outdoor grow license with potential for expansion to higher plant count and greenhouse development, subject to compliance with marijuana regulations and approval from state and local authorities

Plant Production:

  • Average Flower Plants: 1,800 for outdoor grow
  • Recreational grow has yielded 1,300 pounds of product in the last 3 years

Facility Specifications:

  • Recreational Dispensary Area: 3,996 sq. ft.
  • Recreational Grow Facility Area: 1 acre

Electrical and HVAC Systems:

  • Electrical: 600-amp three-phase system
  • HVAC: Six 4-ton units and four evaporative unit systems

Lighting Systems for Grow:

  • Outdoor grow facility; however, the building is wired with 240v plugs for indoor grow lighting

Staffing:

  • Employees: 12 dedicated team members
  • Retention: All employees are interested in continuing employment
  • Advantage: Low labor rates at this location

Additional Features:

  • Strong local market share
  • Texting program with over 3,000 subscribers for daily deals and marketing
  • Total customer base of 35,000

Revenue History (combined with Seller’s other businesses, see Listing 22-04):

  • Over $8.4 million in sales since opening
  • 2019 Sales: $459,060
  • 2020 Sales: $4,217,095
  • 2021 Sales: $3,894,389
  • 2022 Sales (to date): $15,050,000, including produced flower

Profit History (combined with Seller’s other businesses)

  • 2019 Profits: $143,781
  • 2020 Profits: $1,705,395
  • 2021 Profits: $1,204,043
  • 2022 Profits (to date): $230,000, after owner salaries

Included Assets:

  • 4 POS systems, various computers, and printers
  • 1 glass display cabinet
  • 3 half-ton safes
  • DVR system with battery backup and 46 security cameras
  • Harvest freeze dryer
  • Flower packing and purging machine
  • Multiple industrial pallet racking systems
  • 20-ton gallon hash washing machine
  • Washer and dryer
  • Full kitchen
  • Multiple stainless steel rolling benches
  • 100-gallon water tanks
  • 3 deep freezers
  • 1 refrigerator
  • 1 TV

Discover this exceptional investment opportunity to acquire a profitable recreational marijuana dispensary and grow facility in historic Pueblo County, Colorado. For more information or to schedule a viewing, please contact us.

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