Listing ID: 77525
Located in the heart of the Silicon Valley, this artisan winery is known for producing quality blend of wines in collaboration with other wineries and winemakers. The wine brand is well known as it has over 20+ years of history. This business comes with real estate that’s about 3,525 sq ft space on 5000 sq ft lot. The facility is equipped with wine lab and all equipment required to make quality wines. It also has a wine tasting room that can host corporate events, wedding receptions etc. This is a perfect opportunity for someone to establish a hub for winemakers to make wines or an established winery looking to establish its presence in the bay area to attract new clients. The owner is also willing to train a new wine enthusiast. Seller financing is available for qualified buyers.
- Asking Price: $3,000,000
- 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:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Owner is ready to retire
The business has 4 employees and is situated in a building with approx. square footage of 3,500 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. However, the true factor vs the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is extremely crucial that you not count completely on a seller's word, yet instead, use the seller's answer along with your overall due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new consumers? Most times, businesses have repeat customers, which develop the core of their daily profits. Certain variables such as new competition growing up around the location, roadway construction, and employee turnover can influence repeat customers and negatively affect future revenues. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood mean house income influence future revenue potential?