Washington

$3,499,000

Washington State Operating & Profitable Tier 3 Cannabis Greenhouses

Benton County, WA

Gross Revenue: $1,200,000

FF&E: $200,000

Real Estate: $2,000,000

Inventory: $400,000 (not included in asking price)

Established: 2019

Business Description:

Opportunity to acquire 3 Cannabis greenhouses and a large warehouse, located on 3.5 acres of flat land that is included in the purchase. This property features a total of approximately 10,000 sq. ft. of canopy space within the three greenhouses and approximately 7500 sq. ft. of canopy space within two stories in the warehouse. Seller's Tier 3 license for up to 30,000 sq. ft., is not easy to find. In addition, producer licenses are not currently being issued by the State of Washington. This profitable operation harvests approximately 1000 plants every three weeks. The property is heated with natural gas and water is supplied through a well without any restrictions. The property is very close to the Columbia River and the well draws from there. 2 transformers, one 45KVA and one 30KVA, both 480 amps, which reduces the electric bill and will provide more than adequate power for any expansion. Highly experienced employees who run the operations on day-to-day basis. NDA and POF required.

Detailed Information:

  • Location:

    Benton County, WA

  • Real Estate:

    Owned & Included in Asking Price

  • Employees:

    8

  • Facilities:

    Each greenhouse is approximately 3300 sq. ft. All three greenhouses are identical and feature fully automated heat/AC/humidity control as well as light dep. curtains. The greenhouses are watered through a 10,000 gallon per day reverse osmosis system that feeds three 500 gallon reservoirs, one for each of the greenhouses. Each greenhouse has approximately 110–1000W HID fully automated lights. The two-story warehouse has a footprint of 5000 sq. ft. but houses approximately 7500 sq. ft of indoor space containing rooms for clones, teenage plants and mothers, a large walk-in freezer, surveillance equipment, and drying, packing and administrative areas. The approximately 2500 sq. ft. second floor houses 1200 vegetative plants in 3 gallon pots. All structures on the property were built in 2017 and completely refitted by the current owner.

  • Competition:

    Since the first harvest in 2019, Seller has experienced strong demand for its fresh frozen product by processors. All harvests are pre-sold or sold out soon after packaged and frozen. Operations consistently harvest 1,000 plants every three weeks of a predictable quality, sought after by processors.

  • Growth & Expansion:

    Potential expansion opportunity to add another 10,000 square feet of canopy once a countywide freeze is lifted. Buyer can grow higher priced dry flower in the facility, at its option.

  • Support & Training:

    Seller willing to assist in the transition of the operations to the Buyer.

  • Reason for Selling:

    Retirement

  • Contact:

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

Cannabis Business Brokers currently has a number of private, off-market listings (pocket listings) listings through our licensed affiliations.

  • Pocket listing sold:  Phase 1 City of Los Angeles Dispensary.

Contact Karen Muller at 949-280-3092 or at karen@cannabis-brokers.com for additional information.