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527
Price : $1,990,000
Listing Type : Cultivation/ Production
Status : ACTIVE
Price : 18000/mo
Size : 8000
Medical or Recreational : Both
City Tax Rate : $5/sqft
Sale Type : Cash, Financing, Owner Financing, Joint Venture
Utilities : Water, Electricity, Gas, Sewer, Trash
Company Name : Kavry Management, LLC
Phone : 949-433-7035
  • Very low multiple of .72 times gross sales and a 1.09 based off EBITDA using the existing 152 lights. Huge upside to add an additional 500 lights.
  •  Southern California Edison has agreed in writing to add an additional 4,000A to the building by December 2019. Generator use is permitted for current power needs.
  •  City Cannabis tax super low @ only $5/sqft of building space per year
  •  Based on 152 bloom lights, we expect to get 2 lbs from each light and do 5 harvests a year which would give you a total of 1,520 lbs a year @ $1800/lb, that would give you a total gross revenue of $2,736,000.
  •  If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a year
  •  At $600/lb for expenses, that would give you total expenses of $912,000 based on 152 bloom lights. This would give you a net income of $1,824,000. At 652 lights that would give you a net income of $7,824,000.
  •  Turnkey for new operator. All staff already in place.
  •  6,251sqft of the building is not being used yet, can be used for expansion
  • Inside the 8,000sqft industrial building are 2 Modular buildings 8ft wide by 45ft long, each building is 2 stories. We are cultivating in the 2 modular buildings currently.
  •  Each modular building has 4 levels of racking, 2 racks per story, a very efficient use of space.
  •  Currently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights. 2,432 plants.
  •  If a rolling rack system is utilized at 3 levels high you can add another 500 lights, in the remaining open space in the industrial building. The ceiling height is 16 ft.
  •  The rent is 8,000sqft times 2.25/sqft which equals $18,000/mo NNN
  • Local and State Cultivation license in place.
  • Operations started 5/10/18.
  • Asking price $1,990,000 Seller will cooperate with a profit share or similar with a sizable down payment Inventory: Included in asking price
  • Real Estate: 20 yr lease available at $2.25/sqft NNN
  • Building SF: 8,000
  • Employees: 3
  • Furniture, Fixtures, & Equipment (FF&E):Included in asking price
  • Facilities: 2 Modular buildings each one is 8ft wide by 45ft long, each building is 2 stories.
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