Budding Alaska

Price: $1,400,000

Location: Seward, Alaska

Industry: Cannabis

Cannabis Cultivation Business/Warehouse & Single Family Home located in Seward, Alaska. This cultivation business utilizes a hydroponic flood table system, in an indoor, controlled atmosphere with MH and HPS lighting. The business operation sits on 2.21 acres of land. The Standard Cultivation license is not transferable, a potential Buyer will need to qualify for a new license in their name.

Budding Alaska has a great working relationship with the dispensaries in Anchorage and Kenai Peninsula areas. The current operation is only utilizing half of the 4500sf warehouse space, the other half could be used to expand the existing operation or used for expansion for another licensed operation such as a dispensary, manufacturer, extractor, etc. New owner could also lease out the additional space at $1.00sf or $2,250.00 a month for additonal income. Also included in the sale is a 1400sf residential property, this house could be used as an office or for housing workers or staff. If a buyer is wanting additional income, it could be rented out at $1,500 per month. Renting out the additional warehouse space and house would add an additional $3750.00 per month to offset operational expenses. The building sit on 2.21 acres, which could be utilized as an outdoor seasonal cultivation operation, or used to lease out storage space for boats, rv’s and/or and equipment for additional income. As you can see, this business offer multiple income streams and has the potential for growth in many areas of the Cannabis Business, and real estate leasing income. Seller is willing to sell only the Cannabis business and lease back the warehouse and house. Real Estate Value is at $1,100,000 and Cannabis Cultivation Business is at $300,000.

Listing Details

(Included in Price)

Reason For Sale:

Retirement, relocating.

Training & Support:

Seller would be willing to negotiate training during the transfer.

Location

Lease Option: Seller willing to sell only the Cultivation business and lease back the real estate.

Monthly Rent: N/A

Type of Location: Commercial

Square Footage: 5860

Relocatable?: Yes

Facilities Information:

4500sf warehouse, 1400sf house and 2.21 acres of land. 2250sf of the warehouse is currently being used for cultivation.

Summary

Owner Qualifications:

New buyer must obtain their own Standard Cultivation License in their name.  Buyer must be an Alaskan resident.

Competition:

There are quite a fee cultivation operation in Alaska at this time, your success depends on your marketing and quality of product.

Potential Growth:

New buyer could expand the existing operation into the second half or the warhouse or add a dispensary, extractor or edibles.

Financing/Terms:

Owner is willing to entertain owner financing to qualified buyers.