Business Summary:
A 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. The wine license allows the holder a total of 23 outlet locations to sell the products and the business acts as its own distributor within the State of New Jersey to local wines and liquor 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 New Jersey on a monthly basis. The current owner developed this business and has enjoyed great success over the years with annual sales of approximately $500,000 in the past year. The seller now has other projects that he would like to devote himself to and the remaining family has no interest in taking over the operation.
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| Year
Business was Established: 1984 |
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| Number of Employees:
11 |
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| Facilities / Terms of Lease:
Located on a county road in northern New Jersey and surrounded by farms and open fields. The facilities consists of four main buildings with a total of 9,600 square feet, eight acres of wine yards and plenty of open fields for hosting the numerous events currently available at the location. Seller has elected to sell the entire package including the real estate property, which is available through our real estate division. |
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| Potential
Growth/Expansion:
The business has many unique opportunities to expand; it currently uses only 6 of the 30 available outlets provided with the license. With the construction of a permanent catering facility the sky is the limit on booking events and production of wine products could easily double with the current facilities. |
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| Competition:
There is very little competition in the immediate area. |
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| Owner
willing to finance:
Seller financing is available |
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| Owner
willing to train:
Seller will provide a two week review and training period. Seller is also available to remain after closing as a consultants. Sale is subject to plenary wine license transfer. |
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| Reason for selling:
Other Industry |
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Seller Reference Number: LQST116
BusinessMart.com Listing Number: 75048 |
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