The project and terms are simple. We have secured permitting for medical and recreational cannabis permissions by the City of Adelanto, CA in 2 buildings totaling 37,000 SF (90 miles northeast of Los Angeles). We have ample power and water service onsite at the building.
We are offering qualified parties 100% ownership of a volatile/non-volatile extraction and infusions (manufacturing) permit, cultivation permit, and distribution permit, in 37,000 SF of these buildings in exchange for $250,000 total (all filing/transfer fees included. The lease rate is $2.15 on the 38,000 SF per month.
We are on a tight deadline to transfer operating approvals issued by the state before year end. After this year we will no longer be able to get immediate state approvals which are necessary to commence operations. As a result, we will need to file the necessary paperwork with the city by December 31st with new ownership so we can file with the state by December 31st as well. Thus we have a drop dead date of December 29th for this opportunity.
About the Business
Number of Employees:
Building Sq. Ft.:
$2.15 Per Month
Cannabis Adult-Use and Medical Manufacturing and Distribution license along with a 5-year lease with two 5-year option periods thereafter on 38,000 SF
We will manage for absentee owners at 20% of net income from operations
Ad Detail Views:
Asking Price: $250,000 Gross Revenue: $2,000,000Cash Flow: $1,000,000EBITDA: $1,000,000Inventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Ca City & State Cannabis Manu/Cult Business - $250k for Licenses
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