Listing ID : 425185
Posted on December 8, 2023 2
Unique opportunity to acquire a portfolio of fully turnkey and operational Dispensaries across New Mexico, which also includes a Manufacturing & Cultivation business that stands on an 11k SqFt facility. The New Mexico cannabis market is in high demand due to various reasons. The state legalized recreational cannabis in 2021, which has opened up a new market for cannabis businesses. Additionally, New Mexico has a large population of medical cannabis patients, which has created a strong demand for medical cannabis products. Furthermore, New Mexico’s proximity to other states where cannabis is not legalized, such as Texas, has led to an influx of out-of-state customers looking to purchase cannabis products. One Dispensary happens to be located on the Texas border while another is located near universities in the Albuquerque area (Pop. +562K)!
Having a portfolio of multiple Dispensary locations is valuable because it allows businesses to increase their customer base by reaching a wider audience. With multiple locations, businesses could serve customers in different regions, which helps to establish brand recognition and loyalty. Additionally, having multiple locations could help businesses to mitigate risks associated with the cannabis industry, such as regulatory changes or supply chain disruptions. If one location is impacted by these issues, businesses could rely on their other locations to continue operating.
The benefit of having their own Manufacturing & Cultivation licenses means that they can lower their expenses and increase their margins. Additionally, operating in multiple locations could help businesses to diversify their revenue streams, which could help to reduce their dependence on any one market or product. Overall, having a portfolio of multiple locations is a valuable strategy for cannabis businesses looking to grow and succeed in the industry. The owner of the business is also the owner of the Real Estate adding the ability to negotiate a favorable lease.
Space: 1,600 SqFt
Eastern New Mexico
Space: (1,500 Sq Ft)
Rent: $3,645/Month Capital Invested in Buildout: $100K
Established: December 2022
Space: 900 SqFt
Started Operating 4/20/2022
Manufacturing and Grow are at a different location
Total Space: 11,000 SqFt
Manufacturing: 5,000 SqFt
Grow 2 Tier 11k Sq Ft Canopy
Power: Enough Power To Operate
Employees: 8 (Grow) 6 (Manufacturing)
Seller Owns the Real Estate
Option to Purchase the Real Estate or Enter into Lease
Operational since 2022
Started Operating End of 2022
First Harvest In May
Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Cultivation: Grow 2 Tier 11k Sq Ft Canopy
Manufacturing: Manufacturing of Cannabis Products
Asking Price: $11,900,000.00
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.
Michael Greene, DRE LIC NM# 8553
Green Life Business Group, Inc DRE CA LIC# 02061374
Eric Espinoza, DRE LIC CA #02077927
Gordon Sattro, DRE CA LIC #02136011
If you have any questions call Eric (858) 245-6324 or Gordon Sattro (858) 220-2185
Email: firstname.lastname@example.org or email@example.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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