Business Overview

Looking for a place to have your retirement money working for you? Here is your place!! This profitable winery has multiple locations and 3 revenue streams that are cash flowing and will continue to produce 7%+ cap rate. In Oct 2011, a group of friends began construction on the Winery with the passion to bring the burgeoning Texas wine industry to the heart of small-town Texas. They opened their historic 1926 tasting room and 10,000 case winery, located at the intersection of U.S. Highway 190 and State Highway 16, on June 1, 2012. They are proud to be a central part of the renaissance of San Saba. Just as the casual beauty, friendly personalities and relaxing hospitality defines small town Texas, the Winery is committed to making 100% Texas-grown wines that celebrate Texas terroir and wine-growing conditions. The Winery produces wines with grapes grown in their estate vineyards, as well as collaborating with select Texas Hill Country AVA and Texas High Plains AVA vineyards. They are proud to bring you Texas wines of purpose and distinction suitable for celebrations and every-day drinking. If you would like to take part in continuing this tradition of fine Texas wines, please reach out to Toby Vicknair to discuss the details.

Financial

  • Asking Price: $5,500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,950
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was founded in 2012, making the business 10 years old.

The company has 10 employees and is located in a building with estimated square footage of 7,950 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the true reason and the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other factors. This is why it is extremely essential that you not count totally on a vendor's word, but rather, make use of the seller's answer combined with your general due diligence. This will repaint a much more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new consumers? Many times, companies have repeat consumers, which create the core of their daily revenues. Certain factors such as brand-new competitors growing up around the area, roadway building, as well as personnel turnover can influence repeat consumers as well as adversely affect future earnings. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning customer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical household earnings effect future revenue potential?