Oklahoma

$249,000

Value Priced Oklahoma City Cannabis Dispensary

Oklahoma City, OK

Established: 2020

Business Description:

Opened in March 2020, this Cannabis Dispensary is a very budget conscious way to enter the Oklahoma Cannabis market. State and local licensed. 8 employees. Has billboard in addition to internet based marketing. Ample parking. Product pricing is generally lower than local competition in order to maintain and grow revenue. Note: Oklahoma has a 2 year residency requirement. $300k Gross Revenue run rate. NDA and POF required.

Detailed Information:

  • Location:

    Oklahoma City, OK

  • Employees:

    6

  • Facilities:

    1200 square feet at $975 per month, with lease expiring September 2021.

  • Support & Training:

    Managers can stay on to run the shop.

  • Reason for Selling:

    Owner focusing on other assets.

$16,589,000

Well Designed Large Oklahoma Cultivation Facility (Under Construction)

Oklahoma City, OK

Established: 2019

Asset Description:

Extremely well designed and conceived, fully vertical, state-of-the-art, licensed medical marijuana facility. The location includes an operating dispensary and an indoor grow cultivation facility (partly operational and partly under construction). It is a fully enclosed 28,000 square-foot "expandable" location. The facility is in the final stages of construction with an emphasis on quality and labor saving designs throughout. The indoor grow area consists of a nursery, two separate vegetation rooms and 18 individual flower rooms. Each grow room is designed and built with separate, redundant, total climate controls and real-time web access monitoring. This design mitigates most of the risks associated with indoor farming, allowing for ideal climate control, monitoring and even a back-up generator to keep your investment safe. The facility design also has drying, packaging and shipping areas, and a reverse osmosis water system capable of producing 4,500 gallons of pure water a day; along with underground piping to each room, from one central watering area, reducing a significant labor cost. The location also has full support offices and a locker room for the staff. The nursery and vegetation rooms are operational and currently have 14 high yielding strains/genetics started, and the on-site dispensary is operational and revenue generating. The entire support system, vegetation rooms, and the nursery are complete. 9 flower rooms are operating and the remaining 9 flower rooms are expected to be operating during the second quarter of 2021. The site is expected to produce between 6000 and 10,000 pounds of high-quality medical marijuana each year. At current wholesale prices that is between $12.6 million and $21 million in gross revenue for cultivation operations, the first year alone. This is a sale of the ongoing licensed business. Seller is open to a sale or lease of the real estate, and a creditworthy Buyer note for part of the purchase price.

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 (a) distributors for resale, (b) individual processors, (c) high volume dispensaries and processors, (d) chain dispensaries and (e) boutique dispensaries. This unique opportunity may not be around for long. Seize the opportunity to enter the cannabis industry without significant investment in time and research devoted to licensing, genetics and construction. NDA and POF required.

Detailed Information

  • Location:

    Oklahoma City, OK

  • Facilities:

    Power is 2500 Amps, 480 volts. Three 1000 gallon water and nutrient mixing tanks. Reverse osmosis system to purify water. Pest control at the borders of the facility. Green lighting throughout. Two 25 ton A/C units above each flower room, for redundancy. Ultraviolet disinfection lights in all HVAC units. De-humidifiers in all flower rooms. Full facility back up natural gas generator. Ample parking. Excellent location with the ability to add another 58,000 square feet to the existing structure. Seller also has design plans for manufacturing.

  • Support & Training:

    Sellers willing to train for transition or manage for the longer term at market rates.

  • Reason for Selling:

    Seller focuses on its expertise in Project Development.

  • Contact:

    Karen Muller – karen@cannabis-brokers.com
    (949) 280-3092