Ca City & State Cannabis Manu/Cult Business - $250k for Licenses

Contact Seller
Available Until 11/20/18

Business Description

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

Year Established:
2018
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
37,000
Rent:
$2.15 Per Month
Lease Expiration:
10/1/2022
Facilities:
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
Website:
cannabizworld.com
Market Outlook/
Competition:
Superior City tax treatment for this business along with a multi-billion dollar industry make this business a winner for experienced operators and novices alike.
Contact the Seller

About the Sale

Training/Support:
We will manage for absentee owners at 20% of net income from operations

Listing Info

ID:
1419562
Ad Detail Views:
86
Asking Price:
$250,000

Gross Revenue:
$2,000,000
Cash Flow:
$1,000,000
EBITDA:
$1,000,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
Sky Island

 Show Phone Number

U.S. Census Data for San Bernardino County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for San Bernardino County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;