| Category | Wineries For Sale |
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| Created | 06.09.09 | ||||||||||||||||
| Status | Inactive | ||||||||||||||||
| Owner | NewYorkWineryForSale | ||||||||||||||||
| Property Title: | New York Vineyard and Winery For Sale | ||||||||||||||||
| Property is: | For Sale | ||||||||||||||||
| Property Size: | 4.5 Acres | ||||||||||||||||
| Property Description: | Vineyard & winery on 4.5 acres producing premium white, rose & red wine. 1600SF winery & tasting room. Large 1200SF vineyard deck with 18FT granite bar and tables/chairs. 20x25FT crush pad. Property perimeter deer fenced starting and ending at each corner of the building. Vines on VSP training - minimal organic spray program. Business generates $140K per annum after expenses (assuming zero debt & employee costs). For an established winery a satellite location that will add $200,000+ per annum in retail sales, plus 2,000 gallons of premium estate juice. Perfect early retirement operation for a couple, or for an enthusiastic family operating on the weekend. This is a quality micro operation that can be adjusted to operate as much or as little as you wish, dependant on your financial and lifestyle goals. If you have the cash to buy this operation you will make a very nice return on your investment and enjoy an exciting lifestyle business. Serious enquiries welcome from parties with secured funding. Priced to sell at $495,000. This price includes all winery & vineyard equipment PLUS wine inventory of $475,000 at retail as of 1/18/09. For anyone serious about getting into the business this is an opportunity of a lifetime at this price. The low selling price is due to the current economic recession and the sellers motivation. When the recession ends expect a significant increase in selling price to reflect market conditions. If you have been browsing our listing with intent this is the time to strike. Save spending the same amount or more on a startup. Bypass the risk of the early years figuring it all out. Set in a bucolic location with a healthy tourism business revolving around numerous hotels, restaurants, ski resort, state parks. Being the only winery in the area the tourist traffic comes to buy. FAQ: Why are you selling? - For personal reasons. Is the business profitable? - Yes. As stated the business currently makes $140K per annum after operating expenses. That does not include any loan payments for the purchase or employee costs. Can we have copies of the accounts? - With a confidentiality agreement and after a personal viewing of the business, our accountant will work with a potential buyers accountant to provide sales data pertinent to a buyers decision making process. Is the business time consuming? - As far as the tasting room is concerned, most sales are done on weekends, and mainly during the period May - October. Being a few miles from a premium ski resort, the tasting room stays busier on the weekends during the winter than many wineries in other areas. A couple could manage the business just on the weekends. Would we be able to raise a mortgage for say 90% of the selling price using the property as collateral? - No. You would need secured external funding. You could perhaps raise $200-$300K against the property. Can you stay on to help us during the transition? - Yes. For a fee we are willing to work with new owners to ensure a smooth transition and transfer of knowledge on all issues pertaining to grape growing, winemaking and tasting room operations. |
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| Asking: | $495,000 | ||||||||||||||||
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| State/Prov. | New York | ||||||||||||||||
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| Country | United States | ||||||||||||||||
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| Name | Owner | ||||||||||||||||
| Phone Number | Please Email | ||||||||||||||||
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