This business has sold. Please check out our other businesses for sale in the Marijuana industry.
The Non-Disclosure Agreement (NDA) link is: https://businessbrokercolorado.com/buyer-profile/ If it is blue you should be able to click on it, if not please cut and paste that to a URL line. This will allow me to send you the Full Sales Package containing a Detailed Data Room with Financials, a Comprehensive Video on the Entire Operation and a Full Interview with the Owner. If you have any questions or comments on the NDA, please email me at email@example.com or call Jeff at 303-905-7607.
Marijuana Business For Sale:
On October 8, 2020, the sales price on this business has been lowered another 300K. The current price is 650K for the dispensary plus inventory estimated to be 90K and 1.15M for the building plus the 137K they have spent on the buildout for the phase II grow operation which has not been used yet. These must be bought together because the dispensary is profitable and in the same building as the grow operation.
Once you submit the NDA in the link below, as long as you have a net worth over 1M, I have been given permission to send you the Detailed Sales Package which includes Full Financials and a Video Walk Through of the Facility and Interview of the Owner.
Recreational & Medical Marijuana Retail Store and Recreational & Medical Grow Operation.
South Front Range Colorado.
Unique Premier Indoor Grow operation opportunity in historic southern Colorado front range location one block from I25 in Las Animas county. Absentee owner opportunity with a repeatable compliance and quality model.
This business has a turn-key cash-flow positive retail store, and a premium indoor grow operation that has already been built out for a tier 1 grow operation, with phase II expansion 80% complete. The building is over 23,000 square feet and retail operations take up only 1,500 square feet. The building has the perfect environment for an indoor grow operation, including fully insulated walls and 23ft high ceilings for a potential of a 2nd level. By adding s 2nd level, the total indoor grow operation could be approximately 35,000 square feet. The electric equipment and capacity have been upgraded.
Discriminating growers have a unique opportunity to grow at a much lower cost in a premium indoor grow location compared to larger metro areas in the state. The building has indoor(covered) truck bays, semi-truck capable for the secure loading and transporting of products. Skilled labor is readily available and at a reasonable cost in their market. The market conditions in this location are favorable and boasts one of the highest per-capita sales of cannabis in the state.
The price for the retail operation is 650K plus inventory which is worth approximately 90K. The building is being offered at 1.15M plus the 137K in phase 2 buildout they have not used yet. The seller will not sell one without the other being sold. Although it is still illegal for banks to provide financing for either the business or real estate with a cannabis operation inside, there is private financing available for both the building and the dispensary and it is only slightly more expensive than a bank loan.
The Owner states: “The business includes a turn-key cash-flow positive retail store, and premier indoor grow operation that are perfectly suited for an absentee owner/group. In the highly regulated and compliance driven market, the business has the staff, standard operating procedures, process and policies necessary to meet the changing needs of the Colorado cannabis industry. This also includes the key employee’s, of the demanding recreational and medical grow operation. Staffed positions include: Retail store manager, compliance officer, operations manager and master grower. A new owner will be able to oversee the managers, grow this company, etc., as an absentee owner. The current owners spend a great deal of time traveling outside the state and can successfully manage the business operations remotely.”
The grow operation has been described by a City Council member as the “Gold Standard” in the cannabis business in the City. The company has gone to great lengths to ensure they have a grow operation that not only meets the discriminating needs of the cannabis consumer but to develop a growing model that can be duplicated to ensure consistent high-quality results. Given the healthcare background of the owners, exceptional details have gone into the design, equipment, standard operating procedures and growing conditions at the business. Including maintaining all grow operation employee contaminate mitigation and all grow and work space and standard operating procedures similar to a clean-room environment. These include, epoxy floors, sealed grow and work areas, air quality management plan, heat and humidity control, use of all organic materials, dedicated employee locker room, segregated inventory area and rigorous maintaining and cleaning of all grow operations surfaces and equipment, This has led to consistent state mandated lab results, and phenomenal grow yields 2.6 – 3.0lbs per light and great potency THC results. The grow operations has partnered with certified lab upon inception to ensure consistent results through on-going review of standard operating procedures and regular on-site inspections to ensure the integrity of product of the grow operation.
The cannabis business is well-known and established in the industry and markets a wide selection of medical and recreational products from the largest brands in Colorado.
This business has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. This business will not change after the sale based on its reputation and location. They maintain very high ratings in both Weedmaps and Google with very positive comments. There may be a new large source of buyers for the medical side of the grow business per this recent article: https://www.advocacydenver.org/fda-approved-cannabis-in-colorado-pharmacies/
The unique cannabis opportunity can be absentee owner operated. This business has a very compliant model and staff and master grower will stay post-closing. You must visit to fully understand how detailed of an operation they have and that it can be copied in other locations.
Located on the main street just off of I25 in Las Animas county which is a great location because they are not only the largest marijuana building but also the first one that potential customers see driving into town with plenty of parking. Las Animas County has recently placed a moratorium on the number of retail locations in their city. This among many other reasons makes their location and license very valuable.
Why is the business For Sale? The owners are of retirement age and are selling due to retiring. The owners have family helping to run the day to day operations who are the “operators” and they do not want to spend the additional capital needed to finish the expansion of the phase 2 and phase 3 buildout, which have been designed and approved.
A buyer must get pre-qualified from the State of Colorado which must be completed before the owner will consider entertaining any offers. http://marijuanabrokercolorado.com/marijuana-pre-suitability-application/
The license will transfer to a pre-qualified buyer as smoothly as the law allows. They believe there will be no issues in the transition as long as the buyer completes all licensing requirements and follows all regulations.
This business is 5 years old and has a solid name and the finest reputation as is well known for providing only the highest quality products and knowledgeable staff. They are in good standing with the City, County, State and MED. They have a great record for safety (OSHA) and no legal battles. They run a sustainable green operation where all water, soil, and plant materials are captured and recycled.
Building(s): The retail store is approximately 1,500 square feet on street level with an opportunity to add an additional 1,500 square feet of unoccupied office space. The indoor grow operations consist of 20,000 plus square feet which is designated for recreational and medical growing and has the potential to add other potential process operations. The initial phase 1 grow operations includes 4,100 square feet being used for their tier 1 recreational & medical growing operation. The location has a great floor plan, very functional, efficient, and is up to all commercial codes. The phase 2 plan has a fully enclosed area with the ability to allow for a 2nd level deck/floor, enclosed genetics area, sustainable process area, and enclosed garage for secure transport. Adding a deck/2nd floors for the phase 2 growing room will increase that room from its current 5,600 square feet to a total of 11,200 square feet. In addition, there are plans for phase 3 which includes an additional 5,000 square feet grow area, which could also have a 2nd level. Plus, the electrical has been recently upgraded including new transformer, lighting upgraded or added new, and the grow equipment have all been replaced or added. Keep in mind that the building was an insulated building so the electrical already has the capacity needed for a larger grow operation. The building and entire operation has security cameras and fully compliant with city, state and MED. The property has plenty of parking, including designated handicap spaces and is ADA compliant. At 1.15M plus the 137K buildout, the building is approximately half the cost than it would be in Denver.
Thank you for your consideration,
Jeff C. Eisnaugle
This is prepared by Business Broker Colorado with the information provided by the Seller. This is a marketing piece that neither the Broker nor the Seller are responsible for its accuracy. This information is not a substitute for a buyer’s due diligence which buyers are responsible for doing before they buy. Neither the Broker or the Seller will indemnify or guarantee any forward-looking statements or projections. The information contained in this e-mail message is confidential and protected from disclosure except to banks, partners, and other potential sources of funding who must be told that they are part of your non-disclosure agreement. Please be aware that any other use, printing, copying, disclosure, or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer.
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