We were hired as the exclusive Broker for RMS a 21,726 square foot indoor grow. They operate a state of the art indoor cultivation facility with 9K+ square feet of canopy on pace to produce 4800 lbs. annually in Oakland, CA. The Company currently holds temporary state indoor cultivation licenses. This is a turnkey operation with over 40 trained full-time employees and consistent demand for the flower. The seasoned management team desires to stay and rapidly scale cultivation with the acquiring company. Let me know if you want more information.
Price of Real Estate: $400 a square foot = $8.7M, 2.8M of this is an assumable mortgage
Price of Business: .43X estimated 2019 revenues of 10M = $4.7M payable as an earnout
Real Estate and Business Together = $13M
We at KO Acquisitions are a Bay Area-based boutique investment bank doing all we can to bring M&A skills to the Cannabis industry. We exclusively work with Cannabis companies with revenues of $5M to $100M. Feel free to visit our website or contact me at 415-215-5227.
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