Reputable cultivation and distribution business for sale in Monterey County! Monterey County is one of the state’s leading producers of legal cannabis. The value of cannabis produced in 2021 makes cannabis the third most valuable agricultural product in Monterey County, estimated at $484 million. This business is licensed at the state and local level for Cultivation and Distribution with the 5k sq ft cultivation currently having all the potential to double in size and revenue.
This business can be expanded and would be a great addition to your portfolio in the ever growing California cannabis industry! This is a grand opportunity for someone who is looking to expand their footprint in the Monterey County Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry.
Details:
- State Provisional/Local Medium Indoor Cultivation & Distribution Licenses
- Renewal in 2023
- 2021 Gross Revenue: $3.9M
- 2021 Net Income: $712k
- Rent: $14,700/mo
- Space: 11k Sq Ft
- Distribution: 1,000 Sq Ft
- Cult: 5k Sq Ft (Can add 5k Sq Ft)
- 278 lights
- Lease: $14,700/mo with 15 yr option
- Power: 1,000 Amps
- # of Employees: 10
- All Equipment, Brand & Book of Business included in the sale
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Asking Price: $2,500,000.00 (Seller Open to Offers)
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 CA LIC# 02073168
If you have any questions call Yesenia (858) 633-3013
Email: asm@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
