| Legendary West Side Estate Winery for Sale |
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| Property Highlights | |||||||||
| Property is: | For Sale | ||||||||
| Property Size: | 35 acres | ||||||||
| Planted: | 21 acres | ||||||||
| Property Description | |||||||||
| Legendary Brand - West Side With a fully operational Winery, Tasting Room and Vineyard An opportunity of a lifetime? An estate winery with credentials like no other has come to market in the Paso Robles AVA and it won't remain on the market very long. Some believe that Paso Robles may be becoming California's most important wine growing region. Robert Parker just awarded a coveted 100 points and "2010 Wine of the Year" to Saxum, a winery located on the west side of Paso Robles. Granted, "most important" may be a bit of a hyperbole. However, Robert Parker also wrote in "Food and Wine" that "I believe the Paso Robles region already shows some of the most striking potential in all of California." If you agree Paso Robles is for you, you need to seriously consider this legendary winery with its rich traditions and well deserved reputation. Opportunities like this are rare. This rustic estate winery boasts a modern, recently built winery and is located on a major wine trail. It encompasses 35 acres of premium land of which 21 is planted. The winery has a capacity of 20,000 cases and currently produces 6,000 cases per year. It has one of the most popular tasting rooms. Do they have good wine, you ask? The owners can brag about their own "92" recently obtained from the Wine Enthusiast. Over the last few years the focus of this winery has been on its retail operation: tasting room, wine club and events. According to Silicon Valley Bank this is optimal for a winery this size as stated in their 2010-2011 State of the Wine Industry: "...the best opportunities lie in developing marketing strategies, both to the trade and consumers." Due to a recent health setback and a lack of capital to fund marketing for further growth, particularly for its 14 state distrbution network, the current has decided to look for a financial partner or sell altogether. Key Investment Considerations * Direct to Consumer sales: 75% of the revenues and close to 90% of the gross margins are generated throug direct-to-cosumer sales. Despite the recession direct-to-conusmer revenues have continued to grow over the past 2 years. Sales in 2010 were 60% higher than in 2008. The sale are projected to continue to grow in 2011 * Steady growth in tasting room traffic: focus on its tasting room has paid off with a tripling of its revenues over the past five years. * State of the art winery: this modern facility currently produces 6,000 cases par annum and has a capacity and permit for 20,000 cases. * Tax benefits: the real estate is in the tax favorable Williamson Act. 2010 Estimated P&L * Sales $1,040,207 * COGS $ 305,783 * Gross Profit $ 734,424 * Operating Expenses $ 872,183 * Net Profit ($ 118,475) * Adjusted EDITDA $ 67,663 * Seller Discretionary Earnings $ 150,163 We have prepared a 60-plus page confidential information memo that we will make available to a select group of potential buyers upon return of a signed confidentiality agreement. To receive more information please call at 858-689-4120 or email your request for a confidentiality agreement to leo@henberger.com. |
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| Price: | |||||||||
| Best Offer | |||||||||
| Property Location: | |||||||||
| Address | Will be disclosed upon signature confidentiality agreement | ||||||||
| City | Paso Robles | ||||||||
| County | San Luis Obispo | ||||||||
| State/Prov. | California | ||||||||
| Postal Code | |||||||||
| Country | United States | ||||||||
| Contact Information: | |||||||||
| Leo Klijn | |||||||||
| 858-689-4120 | |||||||||
| Paso West Side | |||||||||
| View ALL current listings of this user | |||||||||
| Listing Info | |||||||||
| ID | #760 | ||||||||
| Posted By | henberger | ||||||||
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