CannaMLS ID: 264021
Created | Updated
Price
$ 625,000
Seller financing available
This license and facility is one of only four licensed Third Party Transporters in Massachusetts, with over 3,000 sqare feet of warehousing space. It is strateg
Address (1): 11 Richards Road
Address (2): Unit 8 & 9
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Industrial
Monthly lease rate: $ 489,086
Building size (sq ft): 3,000
This license and facility is one of only four licensed Third Party Transporters in Massachusetts, with over 3,000 sqare feet of warehousing space. It is strategically located to serve the entire state in the most optimized area with a potential to service Rhode Island and Connecticut come federal legalization. The license has the potential to serve as a cannabis warehouse, transporter, and/or cross docking facility and is 100% licensed and compliant. The sale come with one compliant vehicle, a 2016 Mercedes Metris complete with compliant locked compartments and four security cameras. The facility and license are currently inactive, but the pricing model has been proven. Customer acquisition will be required for success. There is potential based on the square footage to make at least 200K per month in revenue. The company is privately owned by a husband and wife with no other investors or stakeholders, making this a clean and swift transaction opportunity for anyone looking to dominate the Massachusetts distribution market. They are willing to discuss best offers, equity structures, and/or payment plans for the right buyer. Upon completion of the sale, a buyer would likely be able to be operational in 30-60 days, an appealing speed to market timeline versus the 2+ years it might take to start from scratch. We look forward to hearing from you!
The lease for both units has been renewed and the landlord is supportive of the business and willing to discuss additional expansion into the building.
Address (1): 11 Richards Road
Address (2): Unit 8 & 9
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Industrial
Monthly lease rate: $ 489,086
Building size (sq ft): 3,000