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Medical Cannabis Business Three Point Four Acre Thessaloniki For Sale

Thessaloniki, Greece
Asking Price:
€550,000
Sales Revenue:
Over €5M
Cash Flow:
Over €2.5M

The company owns a Greek State license for Medical Cannabis and a 9.5 acre field (of which the facility encompasses 3.4 acres) located in the Prefecture of Kilkis (50km from Thessaloniki), selected especially for medical cannabis cultivation. The business owner has founded the company in 2019, and applied for a license soon after. There are also permits and access to irrigation, electricity and natural gas.
The company, field and license is being sold at 550.000EUR, or as a turnkey project, to be delivered ready for operations (cultivation, processing, trading etc).
This a capital-intensive, low-risk high-returns investment.

Property Information

Real Estate:

Real Property Included

Location:

The company is located in the Prefecture of Kilkis, less than 50km from the city of Thessaloniki

Premises Details:

The business premises is agricultural land, accessed by country road

Size in square feet:
400,000

Business Operation

Expansion Potential:

The company can easily expand its facilities to all 9.5 acres, and buy neighboring fields for further expansion

Competition / Market:

There are less than 120 medical cannabis licenses in Greece, and less than 10 into operation of any kind

Reasons for selling:

The owner has relocated to another country and is selling the business

Employees:
None, the company is not operating
Years established:
3

Other Information

Support & training:

The business owner has already relocated to another country, but our company can provide technical and business support following a suitable negotiation

Financing available:

Our company, ErgoQ can support you in securing bank financing as well as up to 50% subsidy on further expansion plans

Business closed / Asset sale:
Yes