Cannabis Cultivation Investment in Santa Barbara
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Background
| BizEx ID: | BizEx1431-AK |
|---|---|
| General Location: | Santa Barbera County, CA |
| Category: |
Agriculture Medical Products & Supplies |
| Years in Business: | 7 |
| Under Present Owner: | 7 |
| Hours of Operation: | 6am-2pm 7days |
| Owner Hours: | To be determined |
| Training: | as needed weeks @ hours |
| Organization Type: | C-Corp |
| Lease Expiration: | |
| Lease Options: | |
| Building Size: | 6 greenhouses plus 20 to be constructed plus 1 house |
| Employees: | 5 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $600,000 |
|---|---|
| Down Payment: | $600,000 |
| Gross Sales: | $2,476,250 |
| Discretionary Cash Flow: | $1,450,250 |
| FF&E: | $100-150,000 |
| Inventory Included? | |
| Inventory: | $0 |
| Min. Operating Capital: | $181,000 |
| Real Estate Available? | No |
| Rent: | $6,000 |
| Payroll: | $20,000 |
Description
California's legal cannabis market is projected to reach USD 5.4 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 12.2%.
Seize this opportunity to participate in one of the fastest growing industries in California by purchasing a 50% interest in this project.
Outdoor grow or combining green house and outdoor cultivation this permitted grow is projected to produce millions of dollars in revenue.
Anticipated rescheduling of marijuana is happening.
Own a permitted marijuana cultivation project with enormous upside .
The micro-climate of Santa Barbara County in general and this location in particular is excellent for the cultivation of marijuana.
The Master Cultivator is a proven expert.
This project will grow initially through outdoor cultivation's and later mat add greenhouses.
The prior cultivation was successful before the Landlord caused a technical closure. That issue has been resolved
Seller estimates approximately $600,000 needs to be invested for the initial cultivation.
All funds from the purchase shall be used for project development. Seller will not receive any funds from the purchase.
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
