Iron Gate Winery, Vineyards & event center

Mebane, NC (Alamance County)

Seller Financing Available
Event area

Asking Price:$1,145,250

Cash Flow:N/A

Gross Revenue:$271,953

EBITDA:N/A

FF&E:$889,250

Inventory:$143,000*

Real Estate:$796,400

Established:2003

*not included in asking price.

Iron Gate Winery, Vineyards & event center

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Business Description

This beautiful winery produces many great award winning wines that appeal to all palates. It is an integral part of the community and is involved in many worthwhile causes. The wines are distributed throughout the Piedmont Triad and Triangle and are also shipped, by request to many surrounding states. Any and all inquiries should be made to Bob Meinecke. bm@libertybusinesspartners.com 336-719-2345
Being marketed well below asset value. Compare assets at $1,685,650 versus the asking price of $1,145,250.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
1 FT-6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This bucolic and rolling 11 acre farm in the northern central Piedmont of North Carolina includes 5.5 acres of vineyards, winery with tasting room and event center. Part of the Haw River AVA, the vineyards produce varieties of French Vinifera, French Hybrid and Native American grapes. The tasting room and gift shop a spacious all-purpose "event center" the winery and wine storage areas make up the nearly 5890 square feet of interior space. Carefully designed exterior spaces provide a variety of public seating areas, both open and protected, suitable for both formal and informal customer events: screened patio, band stand, vine covered pergolas and private pond. The site of many local and community events, the grounds offer ample easy-access parking, with two entrances to the property connected by a gravel road, great for traffic flow for large events. 6 miles north of I-85/I 40 easy access from heavily populated areas of the Piedmont Triad and Triangle ( Same exit as Tanger Outlet Shopping Mall. Large grassy area ( current pasturerland ) can be used for parking for large events. City Water. 2.5 acre pond for irrigation and scenic value; spring fed. Additional spring that produces approximately 600 gallons of water per day; piped to underground storage tanks for irrigation with overflow to the pond. 3 Phase Power available from both highways to the property ( currently accessed from Lynch Store Road ). 10ft/20 strand hi-tensile electric fence to protect crops from deer and other wildlife-surrounds all vineyard property. SmartNet Bird Netting: state-of-the-art bird netting system for vineyard protection. Property lends itself to use as a wedding venue and other large events. Ample property to build a larger winery facility, larger event area or expand the vineyards.
Competition:
This winery is perfectly placed in a large traffic area in the Haw Valley AVA. It is part of the ever growing wine industry in North Carolina which is supported by all local and state government agencies and our department of tourism.
Growth & Expansion:
Currently distributed by a wholesale network, and can be found in many stores including Total Wine. .
Financing:
As may be required by 3rd party lender
Support & Training:
Owner / winemaker willing to stay on as a consultant for a negotiated period.
Reason for Selling:
Full or partial retirement
Business Website:
http://www.irongatevineyards.com

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Robert Meinecke

Business Listed By:
Robert Meinecke

Liberty Business Partners

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