Background
| BizEx ID: | BizEx1455-AK |
|---|---|
| General Location: | Santa Barbara, CA |
| Category: |
Non Durable Goods Agriculture |
| Years in Business: | 2 |
| Under Present Owner: | 6 |
| Hours of Operation: | 6am-2pm 7 days |
| Owner Hours: | TBD |
| Training: | 3 weeks @ 20 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | new lease |
| Lease Options: | TBD |
| Building Size: | 15,600 1 house + 6 greenhouses |
| Employees: | 0 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $950,000 |
|---|---|
| Down Payment: | $950,000 |
| Gross Sales: | Call |
| Discretionary Cash Flow: | $TBD |
| FF&E: | $100000-150000 |
| Inventory Included? | Yes |
| Inventory: | $0 |
| Min. Operating Capital: | $385,000 |
| Real Estate Available? | No |
| Rent: | $2500-3000-6000 |
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%.
This turnkey project includes all plans, more than $100,000 of equipment and documentation.
2.5 acres of canopy in excellent location in Santa Barbara County.
Seller believes this is the only canopy available in Santa barbara County.
Project was successfully operated for two years before landlord caused a shutdown.
Shutdown problem is resolved and LUP and CUP in place.
Combining green house and outdoor cultivation's 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. He is willing to join the new owner.
This project may grow through greenhouses and outdoor cultivation's.
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.
