Award Winning Winery offered below asset value

Gibsonville, NC (Guilford County)

Seller Financing Available
Winner of many awards

Asking Price:$795,000

Cash Flow:N/A

Gross Revenue:$267,081

EBITDA:N/A

FF&E:$199,290

Inventory:$278,980*

Real Estate:$810,880

Established:2004

*not included in asking price.

Award Winning Winery offered below asset value

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Business Description

The winery began with a dream in 1993 and evolved in to a full blown winery in 2004. They grow and produce wines from traditional French, Spanish and Italian grapes grown on their estate. They also contract and produce estate wines from neighboring growers. They are in one of the State's designated AVA approved growing regions. One of the true pioneers of the wine industry in North Carolina.
As the inventory varies greatly during the course of the year it will be added to the asking price at the time of closing.
The value of the assets are $988,906 but the owner is motivated to sell and is asking $795,000. Reduced by $193,906.
All inquiries should be directed to the broker. Bob Meinecke, bm@libertybusinesspartners.com. 336-719-2345

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
44+ acre farm, winery, tasting room and event facility, in Northern North Carolina.
Competition:
An established award wining winery in an emerging market. There are over 140 wineries, and growing, throughout the state. The wine industry has been a great boon to the tourism explosion throughout the state.
Growth & Expansion:
Currently has the capacity to make 3000 cases. Expansion will continue as demand increases. Small amounts of additional equipment may be necessary for larger growth. New owner should plan on attending more festivals and continue to create more events to increase sales. Larger growth could be accomplished by selling through the distributor network.
Financing:
Some to a qualified buyer
Support & Training:
As required by new owner. Negotiable.
Reason for Selling:
New interests in the engineering field.

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Robert Meinecke

Business Listed By:
Robert Meinecke

Liberty Business Partners

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