CannaMLS ID: 244909

Cannabis Dispensary Storefront for sale in ME 11111

Large, Vertically Integrated and Growing Maine Cannabis Business w/Real Estate

Created  | Updated 

Price

$ 3,999,000

Seller financing available

Serious opportunity to enter the longstanding Maine cannabis market, with a vertically integrated and well known brand that cultivates, manufactures and distrib

listing image

Property

  • Property is: For sale

    The property may be available both for purchase or for lease. Contact listing author for details.

  • Property type: Agriculture, Industrial, Retail

  • Lot size (acres): 2

  • Building size (sq ft): 19,180

Serious opportunity to enter the longstanding Maine cannabis market, with a vertically integrated and well known brand that cultivates, manufactures and distributes a full spectrum of high quality cannabis products statewide and operates a successful specialty themed retail dispensary at the same site.  Bargain priced  at less than 3 times projected 2024 EBITDA.  The 19,180 sq. ft. facility is located on an 87,120 sq. ft. parcel, with 55 parking spots and on a thoroughfare with the highest traffic count in its city.  3,600 sq. ft. is allocated to the specialty themed retail store, which opened in July 2023 and has enjoyed increasing revenues ever since opening. The state of the production facility contains approximately 9,200 sq. ft. allocated to cultivation, 2,000 sq. ft. allocated to a commercial kitchen and 4,300 sq. ft. allocated to  manufacturing. The cultivation is projected to produce approximately 1500 pounds of flower, valued at $2500 per pound, annually, with genetics from seeds and clones. Products include flower, vape cartridges, gummies, concentrates, pre-rolls, tinctures, salves, lotions, chewables and water soluble nano; and the more than 100 branded skews are self distributed to over 150 retail outlets. Products are under Seller's branded label and white labeled for third parties. Most biomass needed for production activities is grown by Seller. Seller uses various extraction processes including hydrocarbon (butane), ethanol, solventless and distillation. The real estate is included in the price although the Seller is open to leasing the real estate to a buyer. Seller holds Maine state cannabis licenses for Adult Use Cultivation, Adult Use and Medical Products Manufacturing and an Adult Use Cannabis Store.  14' ceiling. Power is 800 amps single phase/1600 amps three phase/2400 amps total. Twenty Eight 1000 watt hps LUXX lights in each of the 4 flower rooms. Specialized equipment and fixtures include a C1D1 room, a C1D2 room, high volume extraction machines for use with butane and ethanol, closed loop equipment, a refrigerated area to perform solventless processing, chocolate machines and candy tumblers.  Seller produces very high quality and eye catching cannabis products, using its custom product formulations and packaging techniques. The products are available in most Maine retail outlets, with more coming on line. Seller's has employed minimal sales and marketing techniques, leaving plenty of room for significant sales growth under an expanded sales and marketing budget. Seller's facility has the capacity to triple manufacturing production or more. Seller also processes biomass for third parties, under various tolling arrangements, with strong demand for its services.  Seller is amenable to seller financing for a portion of the purchase price. Real Estate is included.  NDA and POF required. Cannabis Business Brokers, Inc. is the referring broker on this listing and eXp Commercial LLC, #AL90603435, is the listing broker. All inquiries from buyers should follow the standard prompts on this Ad.

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