Business Opportunity – 17130 Muskrat Ave, Adelanto, CA 92301, USA -001-11-30T00:00:00-08:00
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% comm
17130 Muskrat Ave, Adelanto, CA 92301, USA
$3,900,000 USD
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Address17130 Muskrat Avenue, Adelanto
Price$3,900,000
Property TypeBusiness Opportunity
Year Built2000
Bedrooms Total0
Lot Size (Sq.Ft.)203,860
Listing IDOC18217127
StatusActive
Parcel Number0459671090000
Days on Market193

Detailed Description: 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. 6,251 sq.ft 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. 2,432 plants. 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 8,000 sq.ft 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.

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Address Information
Address17130 Muskrat Avenue, Adelanto
Street SuffixAvenue
CityAdelanto
Location (MLS Area)ADL – Adelanto
County Or ParishSan Bernardino
Postal Code Plus42473
CountryUS
Financial Information
Price per Lot Square Foot$19.13
Tax Year2019
Full Descriptions
Parcel Number0459671090000
Detailed DescriptionThis 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. 6,251 sq.ft 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. 2,432 plants. 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 8,000 sq.ft 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.
Special LicensesOther
Property parameters
Year Built2000
Lot Size (Sq.Ft.)203,860
Lot Size SourceAssessor
Established2,017
Listed withChris Shepard (Chris Shepard, Broker)