Back to Listings Cannabis and Hemp Real Estate Marketplace

Asking Price : Unknown

Annual Gross Revenue : $82,121

Annual Net Profit : $62,742

Profit Multiple : N/A

Inventory Value: N/A

R-Index : N/A

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From the Broker

VALUATION

This website is a custom, interactive cannabis real estate and business marketplace that connects business operators with available properties for sale or lease, existing businesses for sale, cannabis licenses, and professional service providers such as real estate agents/brokers and business/licensing consultants. Its portfolio of websites/domains dominate the organic searches and offer huge potential in the burgeoning cannabis financial industry.
As the SAFE banking act makes its way to the Senate for voting, which will allow for regular banking for this industry, this company is strategically positioned to offer financial services tailored to cannabis and hemp businesses which will provide massive upside growth opportunities.

This business is an ideal investment or acquisition target for a strategic buyer/investor in related financial services, lead generation and lending with the skills and capital to scale this established brand. The seller is seeking serious offers that consider future financial services earnings potential from existing leads already being generated in this burgeoning industry on the cusp of banking reform.

BUSINESS OVERVIEW

One of the most common challenges that professionals in the cannabis industry are facing is the ability to locate and procure the facilities and services that are necessary to operate or grow their enterprise. This website aims to eliminate these challenges by serving as the most comprehensive cannabis and hemp real estate marketplace dedicated to empowering consumers with data and knowledge directly related to business and real estate. It is the Zillow for cannabis and hemp use properties. In addition, this company has created an ecosystem of affiliated and complementary websites for services that are pertinent to the real estate transition such as real estate services, loans, insurance, banking, escrow, title insurance, etc...

The business is 100% B2B generating revenues through exclusive advertising agreements with service providers and featured (paid) property listings. It has acquired over 250,000 total users worldwide, of which, 20,000 to 30,000 are active each month, equating to approximately 100,000 to 150,000 unique monthly page views. A large portion of its traffic comes from search engines appearing nearly 100,000 times per month in search engine results.

The business has grown since inception and expects to continue growth as more States legalize cannabis across the United States. The passage of the Farm Bill in 2018, which legalized hemp, is expected to contribute to the company's continued growth in 2019 and beyond. In addition, the company is strategically positioned to offer financial services tailored to cannabis and hemp businesses which, upon the passage of the SAFE Banking Act, will provide massive upside growth opportunities!

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Sale Pending: No

First Seen: Thu, Nov 14th 2019

Last Updated: Fri, Nov 15th 2019


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