Listing ID: 82096
Property consists of nearly 30 acres (over 11 acres are planted with several varietal grapes – vineyard is nearly 20 years established), with plenty of room to grow more, add a state-of-the-art, award winning winery operation, with tasting room, plus a full-scale brewery (which reduces the seasonality of wine making) and finish it off with an event venue during which all wines and beers are sold. Add weddings and corporate outings for additional revenue. Business has positive cash flow for the past couple of years and year-to-date 2021 numbers are impressive.
The business has 4 full time employees (Vineyard Manager, Tasting Room Manager, Assistant Winemaker, Marketing Manager), and 20+ part time employees, so the operation is very much turn-key. All buildings are well-maintained, as the seller has re-invested profits into the business. The owners are ready to retire and turn this unique, award-winning enterprise over to a buyer ready to take it to the next level. They are willing to stay on as long as the buyer wishes to insure a smooth transition. Several years of financials are available. Residence on the property is also for sale at $450,000 (comps are available) and is included in the overall asking price. Seller estimates total value of all aspects of this offering at over $3,800,000, but the listing price is $3,345,000. Contact Dennis Huffine, VP/Senior Business Broker, 402-350-6494, email@example.com, or Rob Formanek, 402-505-0100, firstname.lastname@example.org, for full details and to arrange a private tour.
- Asking Price: $3,345,000
- Cash Flow: $130,000
- Gross Revenue: $639,000
- EBITDA: N/A
- FF&E: $960,000
- Inventory: $400,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:12,000
- Lot Size:N/A
- Total Number of Employees:24
- Furniture, Fixtures and Equipment:N/A
Residence (on property for sale for $450,000), winery, brewing operation (12,000 sq ft - $965,000), out buildings ($75,000), gazebo, amphi-theatre, 29.7 acres (11.5 in planted vineyard) - $33,000 per acre, all equipment and vehicles.
Yes, full support for negotiated period of time.
Several other wineries and many smaller breweries are in the area. This venue has it all, plus aware winning products.
Can expand dining facility and market wines and beer more aggressively nationally.
The venture was founded in 2001, making the business 21 years old.
The sale shall include inventory valued at $400,000, which is included in the requested price.
The business has 24 employees and resides in a building with approx. square footage of 12,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. However, the true factor and the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is really vital that you not depend completely on a vendor's word, but rather, make use of the seller's solution together with your general due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new consumers? Many times, businesses have repeat clients, which create the core of their day-to-day earnings. Specific aspects such as brand-new competitors sprouting up around the location, roadway building and construction, and staff turn over can impact repeat customers and negatively impact future earnings. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to build a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? How might the regional typical family income impact future income prospects?