Listing ID : 1690254
Listed On August 1, 2024 4
Listing Updated August 8, 2024
This is an excellent opportunity for someone looking to secure a state of the art Cultivation business in Monterey County, California. This cultivation business has 44,000 SqFt of Greenhouse of sun assisted indoor greenhouses, 10,000 Sq Ft of processing space, and 3 separate dry rooms available. The location is also zoned for Manufacturing & Delivery, adding to its value. The company began operations this year in 2024, and has invested $10M into the buildout, making this opportunity especially attractive. The sale would include the cultivation & processing business, lease of the space, and a new owner can purchase the Distribution business at an additional price.
The location has been outfitted with state of the art equipment, including a Radiant Heating System, Weather Controlled Station, Internal Environmental Controls, Co2 System, Fertigation System, and a Water Treatment System. The metal framed greenhouses are outfitted with an Internal Wet Wall system, allowing the temperature on hot days to be dropped from 20-30 degrees. Currently there are 5 employees, all of whom are willing to work under the new ownership. Don’t miss this opportunity to acquire a key player in the industry!
Details:Â
Space: 44,000 SqFt of Greenhouse (10,000 Sq Ft Processing)Â
Rent: $2.00 SqFt
Lease Terms: Annual, (1) 5 YR Option Â
Capital Invested: $10MÂ Â
Ceiling Height: 22’ Greenhouse (Sides are 14’)
(3) Separate Dry Rooms
Water: Connected to Water, Can Output 25 gallons a day / 20,000 Gallon Reservoir On Site
Employees: 5
Security: Yes, On SiteÂ
Power: 10,000 AMPS
Lights: 720 Total (Revolution 1100 Watts)Â
16,000 Plants Can be Grown Yearly
Pounds Harvested: 800 lbs per Month
Parking spaces: 20+ (Plenty of Onsite parking)
Zoned for Manufacturing & Delivery
Seller Open to Selling the Distribution License at Additional PriceÂ
License:Â
Annual Adult Use Medium Mixed Light Tier 1: 10,001 to 22,000 square feet of canopyÂ
Asking Price: $4.4M (Seller Open to Offers)Â
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions Call Drew (619) 653-0483
Email: ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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