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Businesses For Sale > Business For Sale in Upper Peninsula, Michigan (MI)

Winery in Upper Peninsula for sale in Upper Peninsula, MI

Upper Peninsula, Michigan (MI)

Asking Price: Gross: Cash Flow:
$ 120,000 $ 64,000 $ 24,000

Furniture and Fixtures Value:
$ 60,000 (included in the asking price)

Inventory Value:
$ 27,000 (included in the asking price)

Business Summary:
This is a lovely little business that has both a manufacturing side and a sales side. Production combines creativity and technical skills with light physical work to produce and bottle the wines. Sales have both a retail and wholesale element. A winery is a very different experience than most retail environments. Retail customers are a joy as they come in looking to have a good time and spend money, not to hand over a problem. Wine margins are in the 70-80% range and you not WalMart set your prices. Currently the business is being run as a retirement business, eight months out of the year, and 22.5 hours per week. However, licensing includes the ability to add a restaurant/ wine bar, and to sell directly to re-sellers. At present wholesale is being handled by a distributor. In this mode we are unable to keep up with demand. The winery is too far north to grow grapes commercially. There is no vineyard associated with the winery. We produce local berry wines and use concentrates from a California winery supplier for our basic varietals. For variety we use juices from international vineyards in small batches. The area is in the western Upper Peninsula of Michigan in a University town with vast outdoor and water recreational areas. Tourist seasons include summer for the water and woods; fall for the color and hunting; and winter for snowmobiles. The area has been touted as having one of the highest quality of life ratings anywhere in the US. Period to period sales have grown 40% in the second year and were flat for 2009 in spite of a bad economy. In 2009 we expanded the Market area for our berry wines and will be expanding production in 2010. Cash flows (not including discretionary spending) hold at about $24K. This is an asset sale including furniture and fixtures, liquor license and inventory making.Some of the nick nacks displayed in the winery are personal and not included in the sale. Federal and state approval for license transfer is required. Go to the link below for a tour of the winery. carrouselwinery.com/tour

 

   
Year Business was Established: 2006
   
Number of Employees: 2PT  
   
Facilities / Terms of Lease: 5 yr lease  
   
Potential Growth/Expansion: Could be ran as full time business. Potential to add a wine bar/restaurant, and to do wholesale in house.  
   
Competition: None  
   
Owner willing to train: Training could take place during licence aproval period.  
   
Reason for selling: Owners wanting to retire  
   
Seller Reference Number: bm1456990410
BusinessMart.com Listing Number: 42380
 

 

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