Listing ID: 70111
Beautiful Winery for sale, wine production, including wholesale distribution and retail. Sale includes all aspects of the business including license, retail & gift shop, wine club with monthly memberships, all inventory and machinery. Award winning Wine & Champagne recipes and formulas, building and all real estate also included
* Excellent Location! Winery located adjacent to the Bonnaroo Music Festival showgrounds as well as Interstate-24.
* Sale subject to background checks, citizenship check, and state licensing approvals
Call/Contact Phil for more information and details…. 931.205.7445.
- Asking Price: $1,150,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:7,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. However, the genuine reason and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is extremely important that you not count totally on a seller's word, but rather, make use of the vendor's answer combined with your overall due diligence. This will repaint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that earnings margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new customers? Many times, businesses have repeat clients, which form the core of their daily revenues. Particular variables such as new competitors sprouting up around the location, road construction, as well as staff turnover can affect repeat clients and also negatively influence future revenues. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the chance to build a returning client base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the regional mean household earnings impact future revenue potential?