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Historic Winery For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $628000
Net Profit / Cash Flow  $148000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1982
Number of Employees  6 - 9
Inventory  $375000 equipment & $25000 inventory.
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Training  The seller is prepared to supply a full transitional period and remain post closing for many months.
Reason for Sale  The owner is retiring after many years in this particular industry.
Description  Twenty Two Acre Winery Farm nestled in a beautiful valley, amidst the rolling fields and picturesque hills of northern New Jersey. It is part of an agricultural tradition carried on by the current owner on a portion of his 250 acres farm. Since 1981, this family owned business has been growing grapes and producing award winning wines with ever increasing success. The operator is the third generation of a family of farmers who started farming in 1921. Since its 1984 opening this Winery continues to offer the public a variety of quality wines in a warm country setting. Educational tours and comprehensive wines tastings offer visitors a greater understanding of the processes involved in growing grapes and making wines. This business has won over 100 regional, national and international awards for red, white, rose and fruit wines. The business also acts as a Catering/ Banquet facility and hosts many events including corporate picnics, weddings and every form of family gathering imaginable. In addition to private events, the winery offers dozens of opportunities throughout the year to enjoy many Dinners and other innovative events designed to attract new customers to the winery. Annual events are coordinated for major holidays along with family fun weekends during the summer and fall seasons. The wine license allows the holder a total of 23 outlet location to sell the products and the business acts as its own distributor within the State of New Jersey to local stores. Presently the winery utilizes 3 of its permitted outlets in the Morris, Warren and South Jersey areas in order to distribute its products to approximately 20 liquor stores in NJ on a monthly basis. The business is operational eight months yearly, six days per week and closed Wednesday, with hours from 11:00 am to 6:00 pm. A valuable Plenary Winery License is included in the sale transaction.
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