MergerPlace

Medical Marijuana Grow

Oklahoma (Oklahoma)


  • Asking Price: $119,000
  • Gross Income: $15,030
  • Cash Flow: $3,030
  • Real Estate: Not Disclosed
  • Inventory: $13,020
  • FF&E: $135,269
  • Listing ID: #226289
  • Established: 2018
  • Employees: 1 FT/1 PT

Business Description

This Cannabis Cultivation and Grow is one of the few industries that is resistant to recessions, stock market volatility, and now COVID-19. If you are looking for a secure passive investment, Cannabis may be right for you. There are several things Americans consume regardless of economic conditions, including food, alcohol, tobacco, and of course, Marijuana. This is truly a unique opportunity to be a part of the fastest growing industry with great upside and low risk with low rent at a low price.


Business Details

Primary Business Category: Agriculture - Crop Production
Location: Oklahoma
County: Oklahoma

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/1 PT

Financial Information

Asking Price: $119,000
Gross Revenue: $15,030
Cash Flow: $3,030
FF&E: $135,269
Inventory: $13,020
Seller Financing Available: No

Property Information

Facilities:

This facility is a highly secure facility on 2.86 acres (multiple buildings totaling 22,000 sq. ft.). The 8,000 sq ft. building is available to expand immediately and a new owner would be able to lease a second level unit as well. It is a fully enclosed 28,000 square-foot expandable location. This is a indoor licensed Cannabis MM grow facility which enjoys low rent with a low investment.

Growth & expansion opportunities:

The 2020 market estimate for medical marijuana in Oklahoma, according to the Oklahoma Tax Commission, is projected to be over $500 million. This state-of-the-art facility's production capabilities allow for multiple opportunities in wholesale distribution to, distributors for resale, individual processors, high volume dispensaries and processors, chain dispensaries and boutique dispensaries.

Competition:

Only 3 MM Cultivation/Grow operations are located within a ten mile radius. The industry will continue to benefit from increasingly favorable attitudes toward medical marijuana-based treatments, industry growth will be led by consumer demand for recreational marijuana. Combined with increasingly favorable consumer sentiment and rising disposable incomes, IBISWorld forecasts that revenue will continue to increase at an annualized rate of 18.3% to reach $26.9 billion during the outlook period. In particular, as the economy recovers from the COVID-19 (coronavirus) pandemic, increasing levels of discretionary income are projected to support continued demand for industry products and growing acceptance of medical applications of marijuana. Additionally, the Biden administration has expressed support for the industry, which is expected to benefit the industry.

Reason for selling:

Two of the owners live out-of-state and cannot provide the needed time to devote to the business and the 3rd has other business interest that keeps him super busy

Support & Training:

Will train for 2 weeks @ $0 cost. The License has been renewed through July 2021.

Contact Business Seller

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Business Listed By:

Geary Welch

Murphy Business Brokers