Listing ID: 73361
ABSOLUTELY BEAUTIFUL SETTING! An award winning Winery that has a restaurant, indoor banquet room, and several outdoor covered patio’s for events. This is located about an hour from central Ohio. This very popular winery was established over 18 years ago and is still going strong. It is in the TOP 10 Wine distributors in the State of Ohio. This Winery makes over 25 wines, bottling over 18,000 cases annually, then distributes in Ohio and neighboring states.
The Restaurant has great reputation for its food and also its Wine Tasting events. This facility is perfect for just dining or holding weddings, anniversaries, family reunions, and other such events. The event can be large or small, there is the right room for you.
Owning this Winery can be a great business or can be a great change of lifestyle. With its fantastic Sales and Large Profits, you can afford to get away from the heavy pressures of City living or Corporate business. You can enjoy the country area that this winery is located, continue the successes, and create your own new wines- and build your own empire!
Included in this sale: 8.17 acres of Real Estate, 12,386 sq ft restaurant and its assets, 8540 sq ft winery building and its assets , and 7548 sq ft of 2 storage warehouses. Also included- the Brand, Name, Recipes, Trademarks, and all social media. The owner will stay to train and help make sure you continue the successes.
The inventory of distilled wines, bottled wines, empty wine bottles, and related supplies are valued between $500,000 and $750,000 depending on time of year. This is purchased outside the purchase of the business & RE.
This is a highly confidential sale- there is a CA to sign attached to this ad. To get information- go to that link and fill in
- Asking Price: $3,200,000
- Cash Flow: $500,000
- Gross Revenue: $2,200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $600,000
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:28,474
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The Winery is made up of Large Restaurant, winery production building, 2 storage warehouses
Owner will train to provide success
Can grow business by adding field sales folks, can expand deliveries to other states, and work on building events at the Restaurant and outdoors facilites
The business was founded in 2003, making the business 19 years old.
The sale shall not include inventory valued at $600,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they may say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a range of other reasons. This is why it is really crucial that you not depend totally on a vendor's word, yet instead, utilize the seller's response along with your overall due diligence. This will repaint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering items like supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that earnings margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their everyday revenues. Certain elements such as new competition growing up around the area, roadway building and construction, as well as employee turn over can impact repeat customers and also negatively impact future profits. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the possibility to construct a returning customer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median household earnings influence future income prospects?