MLS® ID: OC18217127
17130 Muskrat Avenue
Adelanto, California, 92301 $3,900,000
This listing is for the sale of the business only, the real estate is not for sale.
Very low multiple of 1.42 times gross sales and a 2.13 based off EBITDA using the existing 152 lights. Huge upside to add an additional 500 lights.
Exclusive listing, 3% commission to cooperating active licensed agents.
City Cannabis tax super low @ only $5/sqft of building space per year
Turnkey for new operator. All staff already in place.
6,251sqft of the building is not being used yet, can be used for expansion
Currently have 112 LED Bloom lights and just ordered 40 more which would give a total of 152 bloom lights.
Based on 152 bloom lights, we expect to get 2 lbs from each light and do 5 harvests a year which would give you a total of 1,520 lbs a year @ $1800/lb, that would give you a total gross revenue of $2,736,000.
If you add the additional 500 lights that would give you an additional $9,000,000 in gross revenue for a total of $11,736,000 a year
The rent is 8,000sqft times 2.25/sqft which equals $18,000/mo NNN
Local and State Cultivation license in place.
Operations started 5/10/18.
Seller will cooperate with a profit share or similar with a sizable down payment.