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Medical Marijuana Grow For Sale

Oklahoma, US
Asking Price:
$119,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$15,030 (USD)
Cash Flow:
$3,030 (USD)

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. The unit was torn down and rebuilt from the ground up. All new plans submitted to the city and passed. The front of the grow facility is covered with 3/4" plywood for security. There are also two complete steel doors added inside as additional security with coded locks. Also, all new wiring and waterproof outlets were installed per code. The bathroom is ADA compliant with bars and size to accommodate the different abled. The floors are completely epoxied, and all edges are sealed for water intrusion. All walls are painted with Kilz to avoid any moisture or mold buildup.

Property Information

Real Estate:

Lease

Premises Details:

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.

Business Operation

Expansion Potential:

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 / Market:

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.

Reasons 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. The unit was torn down and rebuilt from the ground up. All new plans submitted to the city and passed. The front of the grow facility is covered with 3/4" plywood for security. There are also two complete steel doors added inside as additional security with coded locks. Also, all new wiring and waterproof outlets were installed per code. The bathroom is ADA compliant with bars and size to accommodate the different abled. The floors are completely epoxied, and all edges are sealed for water intrusion. All walls are painted with Kilz to avoid any moisture or mold buildup.

Trading hours:

Monday-Friday 9am-5pm

Employees:
1 FT/1 PT
Years established:
3

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

The License has been renewed through July 2021.

Furniture / Fixtures value:
$135,269 (USD) - included in the asking price
Inventory / Stock value:
$13,020 (USD) - included in the asking price

Contact Murphy Business & Financial

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