Tier 2 marijuana grow operation-licensed

Seattle, WA
King County

Asking Price: Annual Revenue:
$225,000 $360,000

Wholesale/Distribution: Non-Durable Goods

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RE: Tier 2 marijuana grow operation-licensed Broker: Thomas Michael Lutes
Owner Financing is Available!
Possible Partial

Quick Facts

Asking Price: $225,000
Annual Revenue: $360,000
Net Profit: $90,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 3
BBN Listing #: 406457006
Broker Reference #: Not Disclosed

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Business Overview:

The Business: • The business is a regional cannabis grower serving Seattle and Washington state. • The business sells product to a high quantity of recreational stores in the area. • The business is a licensed Tier 2 grower allowing up to 10,000 feet of capacity. • The business is generating approximately $30,000 per month but is only using 3000 square feet at this time. • The cannabis product can have over 5 harvests per year.

The Transaction: • The Buyer has the opportunity to purchase the assets of the business that are valued in current value terms at approx. $400,000. • The business is generating $360,000 per year in gross revenue. • The total asking price is $225,000. • The purchase includes a huge amount of lighting and growing. Nearly $400,000 was invested in the business initially. • The owners have partner issues and other interests and wish to separate their business. • The business currently is managed by the owners. • The owner is willing to assist in a smooth transition including all training required.
Doubling the grow area could have this business doing $700,000 or more very quickly. Adding CBD oil could grow revenues to over 1.0 Million annually.
The business sells everything it grows!

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Property Features and Assets:

6,000 square feet expandable to 10,000.

Market Competition and Expansion:

minimal-Moratorium on new licenses

Reason for Selling:

conflicting 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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