Type of License: 3 Medical Marijuana Cultivation Locations (MMCL), and 2 Medical Marijuana Stores (MMS)
Price: $3.7 Million
(Prefer to sell as one asset sale but, would consider selling off one MMC license. Landlord will consider selling property. Proof of funds and signed NDA are required.)
Revenues: 2021 – January – October: 3.2 million.
November 2020 – October 2021(trailing 12 months): 3.5 million
Financing Options: Owner carry 25% if secured by real estate or other assets. With the right buyer, seller may consider keeping some equity.
Lease: Monthly Rent: $40,000.00 per month for all 6 premises.
Term: Generally, 2-3 years with optional for renewal
Landlord Friendly: Yes
Licenses:
MMCL 1 Class 2 1,500 plants
MMCL 2 Class2 1,500 plants
MMCL 3 Class 3 3,000 plants
MMS 1 Patient Count 125
MMS 2 Patient Count 146
1 MIP license only
Plants: Average Flower plants: 1,800
Average VEG Plants: 1,954
Average Clones: 1,100
Weight produced per month: 200 lbs.
Layout:
Square Footage of Store: Two MMC’s 4,000 sq. ft combined (estimated)
Square footage of Grow Cultivations: 26,000 sq. ft
Electrical and HVAC:
Electrical: Supports Current Plant Count. May need to increase electrical and lights for more plants.
HVAC: Roughly 12 A/C’s spreads throughout the facilities. 9 units added/ replaced in the last 18 months.
Lighting Systems for Grow:
Gavitas – 270
1000 Watt – 90
T5’s – 75
Digital Ballast – 125
Employees:
Number of Employees: 33, Employees are desiring to stay.
Number of Managers: 3
Expansion:
The property where all grows are located have some available space for expansion.
Additional Information:
Co2 in grows, separate 1,600 sq. ft breakroom, updated cure/trim areas, reverse osmosis treated water.
Asset List:
- All equipment
- Supplies
- Purchased Inventory
- Plants
- HVAC equipment
- Lights
- Tools
- Dehumidifiers
- Tables
- Curing Flower
- Finished Flower
- Reservoirs
- Nutrients
- Soil
- Computers
- Printers