Business Overview

This is an incredible opportunity to own an award-winning and stunning wedding venue business with substantial growth opportunity located on a picturesque 25-acre vineyard estate overlooking the most breathtaking views of mountaintops in New Hampshire. The 200-year-old estate is nestled on a majestically private hilltop and offers multiple banquet halls, on-site accommodations and is also home to a winery. The facilities have all been fully restored with modern amenities and can host events with up to 240 guests with ample on-site parking. The entire estate is rented for weddings for extended stay weekends and is completely sold out for the 2022 season with additional bookings in 2023. In addition to the wedding venue, the property has a brand new, fully licensed Winery and Tasting Room with adjacent Patio that can accommodate 40+ seats that offers additional space for hosting smaller events such as rehearsal dinner, brunch, or intimate small weddings. Current owners started the vineyard in 2017 and expanded to nearly ½ acre in 2020 for growing cold hardy grape varieties. The soil and the hilltop location are perfect to cultivate wine grapes with all-day sunlight throughout the growing season. This craft-winery is just beginning operation and represents a future growth opportunity for a new owner. Current owners do not live on the property and utilize the venue for rent only, but given the size of the property, a new owner could possibly build a home on-site.

The current owners are retiring and are looking to pass down their picturesque wedding venue to a motivated buyer. The business is being offered for sale including the tradename and assets, physical property, licensing, equipment, operational software, and existing inventory.

Financial

  • Asking Price: N/A
  • Cash Flow: $230,000
  • Gross Revenue: $375,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

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

25 acre estate

Is Support & Training Included:

Owner will assist in smooth transition.

Purpose For Selling:

Retirement

Additional Info

The business was started in 2016, making the business 6 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is extremely vital that you not count totally on a seller's word, but instead, utilize the vendor's answer along with your overall due diligence. This will paint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that revenue margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new customers? Most times, companies have repeat clients, which create the core of their daily earnings. Certain variables such as new competition sprouting up around the location, road building and construction, and also personnel turn over can influence repeat consumers and also negatively affect future earnings. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the better the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the local median household earnings impact future revenue prospects?