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Washington State Operating Tier 3 Cannabis Greenhouses – Land and Inventory Included

Benton County, Washington, USA
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Cannabis Businesses For Sale | Cannabis Cultivation/ Grow Businesses For Sale

Listing ID : 600389

Listed On August 6, 2023 View Count 71

Listing Updated April 11, 2024

Price :
$2,799,000(Price Reduced)
Business Overview :
Growth and Expansion Opportunities:
See Description
License Details :
License Type:
Recreational/ Adult Use
Business Location Details :
Facility & Tenant Improvements:
See Description
Lot Size:
3.5 Acres
Utilities:
Electricity, City Water, Solar, Sewer, Garbage
Terms :
Financing:
Cash, Owner Financing
Support & Training Offered:
Seller is available to assist in the transition of the Business to a buyer. Experienced employees are wiling to continue working with the Business.
Reason for Selling:
Seller is retiring.
Company Overview :
Description :

With the land and greenhouses valued at $2 million, the licensed business is offered at only $799K and includes $400K of inventory. This is a bargain opportunity to acquire a Washington State Tier 3 Cultivation (Producer) License, Processor License, 3 fully operational Cannabis Greenhouses and a 5,000 sq. ft. warehouse with a 3,500 sq. ft. second floor, located on 3.5 acres, included in the purchase. Inventory is included in the purchase price. Each greenhouse is approximately 3300 sq. ft., fully operational and automated. Cultivation and Processor Licenses are capped in Washington state and Tier 3 is the largest cultivation license that was granted, at 30,000 sq. ft. The greenhouses contain approximately 10,000 sq. ft. of cultivation space and the warehouse contains another 7,500 sq.ft. of cultivation space, leaving the ability to add another 12,500 sq. ft of cultivation under the Tier 3 license, Approximately 1,000 pounds of flower are harvested each month and most is processed into rosin, with the remainder sold as dry flower. Both sell out quickly. Seller also processes another approximately 500 pounds of flower into rosin for third parties each month. The property is heated with natural gas and water is supplied through a well without any restrictions. The property is very close the Columbia River and the well draws from there. 2 transformers, one 45KVA and one 30KVA, both 480 amps, provide enough power for current operations and any future expansion. Special panels on the greenhouses have resulted in extremely low electric bills compared to other users in the state of Washington and many other states. Highly skilled and tenured employee handle all day to day operations.Inventory is included in the purchase price. Three identical greenhouses, 3300 sq ft each. Fully automated heat, A/C and humidity controls and light dep curtains. The greenhouses are watered through a 10,000 gallon per day reverse osmosis system that feeds three 500 gallon reservoirs, one for each greenhouse. Each greenhouse has approximately 110 1000W HID fully automated lights. The two story 5,000 sq. ft warehouse houses flowering plants, clones, teenage plants, mothers, a large walk-in freeze, surveillance equipment, drying and packaging areas and offices. Since its first harvest in 2019, Seller has experienced strong demand for its products, which have the consistent quality desired by the market.  The Facility can be expanded by 12,500 sq. ft. of cultivation, for a total of 30,000 square feet of cultivation. If another shift is added to processing, the capacity can be doubled. In addition, there is room in the processing area to add additional equipment and further expand processing capacity. All of this extra capacity could be used to process any additional cultivation that is added by Buyer or to service third parties under tolling type agreements.  Seller is amenable to seller financing for a portion of the purchase price.  NDA and POF required. Cannabis Business Brokers, Inc. is the referring broker on this listing and eXp Commercial LLC, WA License 20119747, is the listing broker. All inquiries from buyers should follow the standard prompts on this Ad.

Listing Highlights

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