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Marijuana Businesses for Sale

Below is a list of marijuana businesses/licenses for sale.  They are Colorado Springs and El Paso County locations.  My portfolio consists of multiple Medical Marijuana Centers (MMC), Optional Premise Cultivations (OPC), and a few Marijuana Infused Product Manufactures (MIP).  The prices range from $500k to $1,400,000, and other options in between for a Medical Marijuana Center and Optional Cultivations Centers, and a Marijuana Infused Producer business for $450,000.  If interested, you can contact the office and schedule a time to come in to discuss.

The information contained in these listings may consist of any combination of figures from a certain point and time, approximations or estimates. Any interested party should verify the information contained herein.


Business Listing # 18-4

Price:  $1,200,000 (Building available for purchase from Landlord $675,000)

2018 (through November) Gross Revenue $1,454,000 with a net of $248,000.

Two Family members pulled approximately $180,000 in salaries, Combine salaries and net you get a 19.8% profit margin.  2016 had similar numbers

This is one of the oldest and most respected medical marijuana businesses in the Colorado Springs area.  Extensive remodel in 2010, high-end finishes make this dispensary one of the nicest in the area.  Financials, pictures, and additional details available to qualified buyers.

Licenses:

Medical Marijuana Center (MMC)
Optional Premise Cultivation (OPC)

Patient Count: 295 Patients

Plants:  Flowering:  350 (approximate), Veg:  700 (Approximate)

Grow assets:

  1. 53 X 1000 watt Gavita light fixtures for flowering
  2. 12 X 1000 watt HPS lights for vegetative (veg) phase
  3. 8 X 360 watt T5 fixtures in veg
  4. 4 X 315 watt LEC fixtures in veg
  5. CO2 gas delivery system with all fire department-mandated controls
  6. Reverse Osmosis System, Growonix GX Series with 2 X 300 gallon holding tanks
  7. 32 ½ tons of cooling capacity
  8. Cameras and motion detectors covering every room

Medical Marijuana Center Assets.

  1. Front desk area: 2 desktop computers, 2 card scanners, printer
  2. Point of Sale desk: 2 touch screen monitors , 2 label printers, 2 bar code scanners
  3. 4 product refrigerators
  4. 3 non-refrigerated display cabinets
  5. 50 inch TV and sectional sofa
  6. Break room: Storage shelves, refrigerator, camera monitors, computer
  7. Secure closet with floor-mounted job boxes to secure products
  8. Extensive security system, including cameras, motion detectors, panic alarm buttons, and remote entry button at front door

Business Listing #18-7.

Price: $900,000 Without the MMC Real Estate

 $1,400,000 With the MMC Real Estate

Licenses:

*Medical Marijuana Center (MMC)/Optional Premise Cultivation
*MIPS /  Optional Premise Cultivation

Renewal Dates:

MMC/OPC June 2018
MIPS/OPC Feb 2019

PLANTS:

Patient Count: 44
Allowable plant count: 589
Average number of plants: 300
MIPS: 500 Plant Count

Financials: Gross sales 2017 $345,218 Business expenses $293,777
($50,000 Payroll for Owners Spouse, Master Grower)

Layout: MMC: Over 2800sf Grow facility. 1200sf Store Front.
MIPS: Approximately 2000sf of Grow and 500sf of Extraction Space
Extractions Room, Veg Room, Flower Room

Electrical: Upgraded service to both buildings.

Employees: 2 Employees for MMC, 6 Employees for Grow, 1 Employee for MIPS

Lease:    *MMC/OPC Lease $5000 per month 5 year lease.
*MIPS/OPC facility is leased. Renewal in October 2018. $2500 5 year lease.

No utilities are included.

MMC Building: If Included in the sales price. Approximate 2800sf grow facility and 1200sf storefront in a great location. Open Floorplan to create an inviting medical marijuana environment for patients. It also helps patients feel comfortable shopping and discussing medical conditions which creates more sales!

Expansion: The Land behind the MMC could be used to expand the Grow or create a drive-thru if approved with the state and city. There are plenty of opportunities to grow this business into an empire.

Owner Carry: Owner Carry with $400,000 down.


Business Listing 18-10 – Under Contract


Business Listing # 18-13a

Price: $950,000 Without the MIP Real Estate

$1,125,000 With the MIP Real Estate

Licenses:

*1 Medical Marijuana Center (MMC)/ 1 Optional Premise Cultivation
*1 MIPS / 1 Optional Premise Cultivation

Renewal Dates:

MMC/OPC May 2019
MIPS/OPC July 2019

PLANTS:

Allowable plant count: 1,500
MIPS: 500 Plant Count

Financials: Gross sales 2018 $1,084,500

Layout: MIPS: Approximately 2600sf of Grow and Extraction Space, 400 sf dispensary.

Extractions Room, 2 Veg Rooms, 2 Flower Rooms and one dispensary.
MMC:   1st Dispensary collocated with MIP.  Long term lease available or purchase.

Employees: Outstanding employees available for hire.

MIP Building: If Included in the sales price. Approximate 3,000 sf facility housing MIP, OPC, and dispensary.


MIP Business Listing 19-2 (Marijuana Extraction Company) Pending Regulatory Licensing Approval


Brand new to the market! Business Listing MIP 19-7

Marijuana-Infused Producer business $400,000 or Price with building: $800,000

  • 2018 sales: $157,630
  • 2019 sales (Jan – Sep): $161,885

Employees: 2 full-time, 1 part-time • Lease: 5 yr. terms, $1,800 per month • Room for expansion into 2nd unit • Owner carry options available

This is a great, established, turn-key MIPS operation. There are customers in place with repeat business. It currently processes for 7 different dispensaries. The company has won awards in the industry for their excellent product.  All equipment necessary to carry on this business is included, including an extraction machine and vacuum ovens. The extraction machine is an ETS 1300 with a vacuum pump, compressor and water heater. The business includes 2 vacuum ovens, ice maker, refrigerator, freezer, working tables, misc. shelves and racks, 2 baking racks with trays, stainless steel trays for vacuum ovens, all office chairs, office desks, office supplies, packaging supplies, printer/copier, Pyrex dishes and plastic tubs, and all operating gas tanks for everyday operations. Business can easily be grown and expanded in the same building and machines can easily be added to in order to produce different products and more volume. The entire building is 3600 square feet and already has a tenant in place for the other part of the building. The extraction business is 1100 sq. feet.  Current owners would provide training, if needed, for an agreed amount of time and assistance in making sure new owners are comfortable with taking over the business.  Lease:  Seller is building owner, flexible lease terms.


Dispensary listing- 19-3
Price: $1,490,000

License: Retail Marijuana Store, located in a town in Huerfano County
Renewal: June 9, 2020

Layout: Approximately 1472 sf building with plenty of room to accommodate adding a MIP inside, Building is set up as 3 distinct addresses, Suite 100 is a retail marijuana store, Suite 200 was a massage therapy treatment room, now utilized as a break room/office. Suite 300 Retail space approx. 500 sf. There are a lot of possibilities with this property. This is the oldest, most respected Retail Marijuana Stores in the Walsenburg Area. Our customer base stretches the nation, with regulars all along the east coast. With regard to new states legalizing marijuana sales, our neighboring states- New Mexico, Arizona, Oklahoma specifically, we have had an increase in sales from these states, they simply do not have the vast product availability we enjoy here in Colorado. The Colorado Cannabis Industry has the most viable and diverse products in the nation, which will continue to be in high demand and a draw for out-of-staters, simply because the laws in other legalized states have yet to be written, allowing for equal products to be created there.

Lease: Lease term 5 years, $2,500 per month.

Retail Marijuana Store Assets:
Front desk area: 1 desktop computer, 1 card scanners, all in one work station printer
Point of Sale desk: 1 desktop computer, 1 receipt printer, 1 label printers, 1 bar code scanners
1 product refrigerator
3 non-refrigerated display cabinets
40 inch TV and 4 leather love seats
Break room: Storage shelves, refrigerator, desktop computer, printer
Security vault/room for secure product storage
Extensive security system, including cameras, motion detectors, panic alarm buttons, and remote entry button’s and magnetic locks at front door, and entry to sales floor

Financials
Gross Sales:
2016- $988,751
2017- $1,152,393
2018- $833,977 (Spring Fire, 2 new RMS, 1 new MMC)
2019 to date $310,253 (currently have 4 RMS, 1 MMC)

Owner’s salary: 2016-$42,200, 2017- $80400, 2018- $78,400

Operating expenses: 2016- $265,748, 2017-$308,929, 2018- $310,257

Owners Discretionary Income: 2016- $214,215, 2017-$340,001, 2018- $170,132


Business Listing: 19-4 • Huerfano County Property
Price: $10,000,000 with Owner Carry Options

Licenses: Cultivation license
Financials: Generated $1,500,000 lease income in 2018 for a 15% Cap Rate with unlimited potential if the owner chooses to convert to an owner-operated facility.

Layout: Unique 35 acre parcel-zoned agriculture
Site 1: 48,000 square foot greenhouse fit to accommodate a 3,600 plant count. The site includes a 3,600 square foot processing building with a security system and backup generators.
Site 2: Undeveloped land with utilities in place
Site 3: Undeveloped land with utilities in place
Site 4: 9,700 square foot greenhouse. The site includes a 1,969 square foot office/processing building.
Site 5: 100 x 100 metal building with HVAC and security in place.

Utilities: All sites have the following:
City water (5 separate taps) which includes the necessary augmentation plan required for Commercial operations, City sewer, 3 Phase power Natural gas, Impressive Commercial Cannabis Campus

City Water, City Sewer, Natural Gas, 3 Phase Power, and so much more with plenty of room to ‘grow’. Site 1 includes a 48,000 sq ft greenhouse fit to accommodate a 3600 plant count as well as a 3,600 sq ft processing building with a security system and backup generators. Site 2 and 3 are undeveloped but approved to grow with utilities in place and unprecedented potential. Site 4 includes a 9,700 square foot greenhouse and a 1,969 square foot office/processing building. Site 5 has a 100 x 100 metal building w/HVAC and security in place.

The campus is conveniently located 3 miles west of the city of Walsenburg in Huerfano County.


Business Listing 19-5 – MIP Business Listing

$250,000 – Licensed Retail MIP Facility in Pueblo County

Commercially developed property for a business looking to bypass licensing and build-out. Ready for immediate operation. Industry friendly owner: $2,500/month lease for up to 2 1/2 years. Price & length negotiable. This is a 2,725 sq ft inside the metal building with MED compliant security equipment. Individual address, separate from other units in the building. Fenced in a secure facility with asphalt parking. It includes a large commercial garage door entry. (Perfect for deliveries) The main entry has very high ceilings creating plenty of space for unloading & storage. Overall there is 2,100 sq ft of extraction space/storage. Large 600 sq ft space, perfect to set up a commercial kitchen. (Has 2 commercial sinks in place & electrical set up for equipment.) Building set up for both butane/propane & CO2 extraction. Plenty of space to run multiple units of each. Fireproof room for butane/propane extraction. (Required) Heating & A/C. Bathroom and 2 storage room with shelves as well. Located near an abundance of greenhouse, indoor & outdoor grows where product for processing is readily available. Over 10 dispensaries within 5 miles of the facility. Connected upstairs office & conference space is negotiable. Large 2,900 sq. ft. connected unit for expansion currently available as well.


Business Listing 19-6

Price: $750,000 (building available for purchase from landlord $650,000)

Financials: 2018 gross sales $502,000 with a net of $142,000
One of the first 100 medical dispensaries to be licensed in Colorado, in operation 10 years.

Licenses:
Medical Marijuana Center
Optional Premise Cultivation

Counts: 44 patients, plants allowed 1500, weight limit 30 pounds in-store, 30 pounds per month average harvest

Rooms:
6 flower rooms,
2 veg rooms (4000 sq feet of grow space ),
fully custom waiting room with professional artistry,
Medical Marijuana Center is 1000 sq. ft.

Includes:
70 1000w xtrasun high-pressure sodium lights,
MJ freeway platform POS system,
all state-required monitoring and cameras,
10 tons A/C,
30 cameras monitoring all rooms and the salesroom,
fully secure safe room with metal bars in the ceiling and walls for added security,
Currently 4 state-licensed employees,
3 computers for checking in patients and sales/ office work,
3 fridges for product storage and one freezer.

Directly next to the current operation is another building we also have legal possession of. We have already begun the process of drawing up the plans to also turn this additional 3000 sq. ft into grow space. It has been filed with the city and approved conditionally by the city of Colorado Springs for use as a grow operation or an additional dispensary space. This will make the total sq ft. over 8000.

Law Offices of Clifton Black, P.C.