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The Business: • The business is a regional cannabis grower serving Seattle and Washington state. • The business sells product to a high quantity of recreational stores in the area. • The business is a licensed Tier 2 grower allowing up to 10,000 ft. of capacity. • The business is generating approximately $30,000 per month but is only using 3000 square feet at this time. • The cannabis product can have over 5 harvests per year. There is a moratorium on new grow licenses in Washington State. Washington State is also considering "direct from farm sales" Which creates a retail business for growers.
The Transaction: • The Buyer has the opportunity to purchase the assets of the business that are valued in current value terms at approx. $400,000. • The business is generating $360,000 per year in gross revenue. • The total asking price is $225,000. • The purchase includes a huge amount of lighting and growing. Nearly $400,000 was invested in the business initially. • The owners have partner issues and other interests and wish to separate their business. • The business currently is managed by the owners. • The owner is willing to assist in a smooth transition including all training required.
Doubling the grow area could have this business doing $700,000 or more very quickly. Adding CBD oil could grow revenues to over 1.0 Million annually.
The business sells everything it grows!
2 year lease
$105,000 (USD) per annum
6000 sq feet. expandable to 10,000
add CBD oil, double or triple production
minimal-Moratorium in Washington on issuing new licenses for growers
conflicting business interests
Owners will assist
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