Listing ID : 425416
Posted on December 8, 2023 2
Exceptional opportunity for interested buyers to acquire a fully licensed cannabis dispensary retail, cultivation, and processing business in the State of Maine. With a population exceeding 1.3 million people, Maine offers a promising market for cannabis businesses, making this an attractive investment prospect. The retail storefront located in Androscoggin County enjoys a strategically advantageous position, allowing it to attract a steady stream of customers. The three 5,000 square foot buildings sit on a spacious 300 x 300 lot, providing ample space for operations. All the necessary equipment, including office supplies, inventory, grow lights, and a greenhouse, are included in the sale of the business. This comprehensive package ensures a seamless transition and immediate operational capability for the new owner.
Significant investment, totaling $1 million, has been made into the business, resulting in substantial annual gross revenue of $4 million. This established track record of success demonstrates the business’s ability to generate consistent profits and provides a solid foundation for further growth. For those looking to expand their presence in the Maine market, this opportunity offers significant advantages. The proximity to major markets creates the potential to tap into nearby customer bases, allowing for broader reach and increased revenue potential. Whether you are a multi-state operator seeking to establish a foothold in a new region or an entrepreneur entering the cannabis industry, this vertically integrated business offers an ideal platform for expansion. One notable advantage of this opportunity is that the real estate is included in the asking price. This adds significant value to the investment, providing long-term stability and control over the property—an essential aspect of the cannabis industry where regulations often mandate ownership of the premises.
By owning the real estate, the buyer gains a valuable asset that can appreciate over time, ensuring a secure and sustainable business operation. Overall, this listing presents a compelling proposition for individuals or companies seeking to enter or expand their presence in Maine’s thriving cannabis market. With its fully licensed status, strategic location, impressive revenue figures, and included real estate, this business offers a solid foundation for success and growth in the dynamic cannabis industry.
According to data from Maine’s Office of Cannabis Policy, nearly $159,000,0000.00 worth of cannabis products were sold in 2022. That’s compared to nearly $82 million the year before.
Real Estate Included
Space: 3/ 5,000 SqFt buildings
Lot size: 300 x 300
Real Estate Included
Gross/EBITDA: $4M Annually
Amount invested in the business: $1M
Included Assets: all office equipment, all inventory equipment, Grow Lights,
Adult Use Retail Store: Purchase adult use marijuana, pre-packaged retail units of marijuana flower and marijuana trim, immature marijuana plants and seedlings from a licensed cultivation facility; Purchase packaged adult use marijuana and adult use marijuana products from a products manufacturing facility; Sell consumable products not containing marijuana, including, but not limited to: soft drinks, candies and baked goods.
Cultivation License: Purchase marijuana plants and seeds from other cultivation facilities; to cultivate, prepare and package adult-use marijuana; to sell adult-use marijuana to products manufacturing facilities, to marijuana stores, and to other cultivation facilities; and to sell marijuana plants and seeds to other cultivation facilities and immature marijuana plants and seedlings to marijuana stores
Processor License: Purchase adult-use marijuana from a cultivation facility or another products manufacturing facility; to manufacture, label and package adult-use marijuana and adult-use marijuana products; and to sell adult-use marijuana and adult-use marijuana products to marijuana stores and to other products manufacturing facilities
Asking Price: $ 5,500,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Andy Fleisher, ME License#DB109195
Green Life Business Group, Inc DRE CA LIC# 02061374
Gordon Sattro, DRE LIC CA# 02136011
If you have any questions Call Gordon (858) 220-2185
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business
Listings You May Also Like
Brighton, Boston, MA, USA
Quality and healthy snack distribution business with territory in MA, NH, and RI. Flexible and simple business model with current cash flow from exist
The Small Arms Manufacturing Company (SAM) offers a wide range of high-quality firearms and related products with a primary mission of delivering top-