Business For Sale

Leading Manf of Hemp/Cannabis Harvesting Equipment

Not Disclosed, CA

Asking Price: Annual Revenue:
$1,500,000 $3,775,847

Manufacturing: Agricultural Manufacturing

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RE: Leading Manf of Hemp/Cannabis Harvesting Equipment Broker: Julian S. Solomons
License #: 01312480

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $3,775,847
Net Profit: $842,441
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $253,177
Real Estate: Not Disclosed
Year Established: 2008
Employees: 5
BBN Listing #: 426331351
Broker Reference #: 20181022/003

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Business Overview:

This Company is the leading US manufacturer of harvesting equipment for the CBD Hemp and Cannabis industries. The products are sold under a trademark protected brand and are covered by patents (both in process and issued) in the US and Canada. Founded in 2012, the Company has a strong and growing product pipeline, and have recently signed an exclusive agency for a French product that is a field harvester for hemp.

The industry is in a state of flux. Regulatory and licensing pressures have upturned an industry that was almost virtually illegal and clandestine. Growers have to decide whether to remain in the dark, or become legal – at the risk of not being able to obtain government/state/city approvals.

Into this void have jumped investors hoping to profit from the large scale production of cannabis and/or hemp, primarily from the CBD oil that is derived from both hemp and cannabis. CBD is essentially legal.

This turmoil in the industry has created short term cash flow issues for this company, but has also opened up a unique opportunity to “own the market”. They have very few competitors, and they have also been weakened by the tumult in the marketplace.

The product road map has changed because of the rapidly evolving marketplace and the demands that will be placed for large scale production. Instead of smaller machines that satisfy the home and casual grower, the demand will be for larger machines that will facilitate in-field harvesting and processing.

Their state-of-the-art patented machines currently serve the needs of growers of all sizes – from the domestic hobbyist, all the way up to the industry’s largest producers.

Their machines are known for their productive efficiency, innovations that enable ease of cleaning and maintenance, and the very high quality of their output.

The company is an established brand, with 350+ dealers nationwide, an established web and social media presence, and an experienced sales and marketing team.

If you have been keen to invest in this fast growing industry, this presents an ideal opportunity. There are no regulatory or licensing issues whatsoever to hamper sales or growth in both the United States and Canada, and the emerging markets overseas. Cannabis is already legal for medicinal use in several countries in Europe, and within the next five years, recreational use is projected to be at the same level as in California, Canada and other states. Since December 2018, Hemp has been legalized Federally by the Farm Bill that was passed by Congress.

The Company has excellent gross margins, a full complement of industry beating machines, and a road map of new products to serve the future needs of growers as the much anticipated global expansion takes place.

Sales in 2018 have been hampered by the uncertainty in the industry brought about by regulatory changes in California. Moving from the fourth quarter of 2018 into what is expected to be renewed growth in 2019 will regenerate the growth and expansion of the business and the industry. They have recently (December 2018) established distributors in Europe, and will commence shipping in February, 2019.

They basically broke even in 2018, and the current product line will produce a profit in the range of $500K to $800K for 2019.

The owners are seeking a strong partner/investor with shared values for their vision for the brand.

The Company has a development “road map” that will cement the brand as the major player in the marketplace, and has the management in place to lead that growth, but needs the funds to invest in their R&D and product roadmap.

The owners wish to remain with the Company – the founder in a consultative role, and his son (current CEO) in a fulltime executive role. They would also prefer to retain an equity position of 10% to 25%, depending on final deal structure, but they are flexible on this point. Guidance on value is $1.5 million for 100% of the enterprise value (all the assets, I.P., & inventories - currently $400K±, net of any liabilities) plus a commitment of up to a further $3 to $4 million in R&D and product development. The total investment would be in the $4 to $5 million range.

This is a unique opportunity to gain a foothold in this fast growing, profitable industry at a relatively low cost.

Upon application, you can obtain a link to a private web page where you can download a Confidential Descriptive Memorandum available, and watch a video tour of the business and interviews with the key executives.

To electronically obtain the NDA, copy and paste this link to fill and sign online:*

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Full details in Confidential Descriptive Memorandum and video tour available on application.

Market Competition and Expansion:

Full details in Confidential Descriptive Memorandum and video tour available on application.

Reason for Selling:

To grow business.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.


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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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