CANNABIS BUSINESS BROKERS 

TYPE OF BUSINESS: CANNABIS GROW FACILITY

LOCATION: Colorado

SELLING PRICE: $1,400,000 

LISTING ID: GO5411

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SALES: $2,000,000,000

FLOW: 

GROSS: $2,000,000,000

LEASE: 

SQUARE FOOTAGE: See Facility

CITY LICENSE: In Hand

EMPLOYEES:  5

FACILITY: Building(s): The retail store is approximately 1,500 square feet on street level with an opportunity to add an additional 1,500 square feet of unoccupied space. The indoor grow operations consist of 20,000 plus square feet which is designated for recreational and medical growing, or other potential process operations. The initial phase 1 grow operations includes 4,100 square feet is being used for their tier 1 recreational & medical growing operations. The location has a great floor plan, very functional, efficient, in good shape, and is up to all commercial codes. The tier 2 plan has a fully enclosable area approximately 5,600 square feet that with the ability to allow for 2 floors of tier 2 growing totaling 11,200 square feet. In addition, there are plans for tier 3 which includes an additional 5,000 square feet grow area, enclosed genetics area, sustainable process area, and enclosed garage for secure transport. Plus, the HVAC, and the electrical has been upgraded including new transformers. lighting upgraded or added new, and the grow equipment have all been replaced or added in recent years. The building and entire operation has security cameras and fully compliant with city, state and MED. The property has plenty of parking, including designated handicap spaces and is ADA compliant.

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FACTS: Cannabis Recreational & Medical Dispensary and Grow Facility in a well-known and growing town. The business consistently has over $2M. in gross revenues per year. The company’s top and bottom lines are growing.

The building has a turn-key cash-flow positive cannabis retail store, an indoor grow operation that has room to build out an additional 18,000 plus square feet with the capacity to accommodate a tier 2 & 3 grow operation, and for many reasons it has a very valuable license. Plus, growers can buy the building and grow much more economically than in the Denver Metro area. The market conditions in this location are extremely favorable and boasts one of the highest per-capita sales of cannabis in the state. 

They opened their cannabis business, recreational & medical store and grow operations in late 2014. They also sell a wide selection of medical and recreational products from the largest brands in Colorado, which include concentrates, oils, vape pens, edibles, topicals and a full line of accessories. They have a tier 1 grow license.

The price for the retail operation is $1.4M plus inventory which is approximately $100K. The building is being offered at $1.5M and the seller will not sell one without the other being sold also. 

Many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. This business will not change after the sale based on their reputation and location. They maintain very high ratings in both Weedmaps and Google with very positive comments.

The owner is of retirement age and is selling due to retiring.

A buyer must get pre-qualified from the State of Colorado which must be completed before the owner will consider entertaining any offers or allowing complete access to the details of this business. The owners believe their license will transfer to a pre-qualified buyer as smoothly as the law allows. They believe there will be no issues in the transition as long as the buyer completes all licensing requirements and follows all regulations.

Call Dennis  617-721-9655