The company owns the field, a greenhouse ready for sowing and a Greek State license for medical cannabis. The owner is selling the mostly constructed infrastructure (fence, greenhouse and some of the processing facility) because he started building the facility but relocated (he is not a Greek national).
The field is 19 acre (of which the facility encompasses 2 acres) and is selected especially for medical cannabis cultivation.
The company, field, and partially constructed but ready for sowing facility and license is being sold at 5MEUR.
This a capital-intensive, low-risk high-returns investment and an opportunity to minimize start-up time for production.
- Asking Price:
- €4,500,000 Furniture / Fixtures included
- Sales Revenue:
- Over €5M
- Cash Flow:
- Over €2.5M
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
The company is located less than 40km from the city of Thessaloniki
- Premises Details:
-
The business premises is agricultural land, accessed by a short country road
- Size in square feet:
- 800,000
Business Operation
- Expansion Potential:
-
The company can easily expand its facilities to all 19 acres, and buy neighboring fields for further expansion
- Competition / Market:
-
There are only 2 medical cannabis production businesses into operation in Greece.
- Reasons for selling:
-
The owner has relocated to another country and is selling the facility
- Employees:
- None, the company is not operating
- Years established:
- 4
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% Greek State subsidy on further expansion plans
- Business closed / Asset sale:
- Yes
