Listing ID: 81619
* Making Award-Winning Products
* Inventory includes over 12,900 estimated proof gallons
* Environmentally Conscious “Green” Operational Facility
* Good Distribution, 9th Year in Business
* Unique Ingredients/Recipes
* Highest quality Barrels and Aging Process
* Sellable Inventory included from Day 1
* Potential for Absentee Owner
A New Distiller can spend 2-3 years getting ready, another 2-3 years producing and aging product, then take a chance at making good product OR BUY THIS DISTILLERY ALREADY CURRENTLY MAKING AWARD WINNING PRODUCTS WITH 2-3 YEARS OF INVENTORY ON HAND TO BOTTLE AND SELL. This is a total asset offering including land, buildings, equipment, brand, recipes and aging inventory. Being a craft spirits distillery is all about making great American whiskey and spirits and owners doing what they know and being able to say they make their whiskey in a still that is made in the United States. This is important to a true craft spirits distiller.
Unique quality ingredients. This Distillery is the recipient of many awards as compared with products from more than 1800 Craft Distillers operating in the U.S.A.
In Summary, should you start from scratch? Or save five years and start at the top ready to roll?
- Asking Price: $4,000,000
- Cash Flow: $28,000
- Gross Revenue: $489,501
- EBITDA: N/A
- FF&E: $792,280
- Inventory: $2,733,617
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,348
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Currently owns a 4348 s.f. facility, the real estate and many rickhouses for aging product.
Will provide 4 weeks of training.
The business was established in 2011, making the business 11 years old.
The transaction will include inventory valued at $2,733,617, which is included in the asking price.
The company has 6 employees and is situated in a building with estimated square footage of 4,348 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the genuine factor and the one they tell you might be 2 absolutely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is really vital that you not count totally on a vendor's word, however rather, utilize the seller's response along with your general due diligence. This will paint a more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new clients? Most times, companies have repeat customers, which form the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, road building, and employee turn over can impact repeat clients and also adversely impact future revenues. One essential point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to construct a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood mean house earnings impact future income prospects?