Drastic Reduction Event Planning Winery Venue For Sale

Business description

DRASTIC REDUCTION IN PRICE !!!
Event Planning in a Winery Venue in Orange County
Price Reduced. Event Bookings Up. Retail Bottle Sales Continue to Improve.
Licensed as a winery, The Company specializes in corporate events, private parties and custom labeled wine. This 4 year old successful event planning business, in a Tuscan winery setting, is an excellent expansion business for caterers wanting private venues, event planners, wine groups or wine enthusiasts. Revenues come from venue events, custom bottling, and catering (hire licensed caterers).

It is freeway close, located within a few miles of the area’s luxury hotels and in the midst of a major corporate sphere.

It is an upscale, fully private venue for all corporate, philanthropy, and party events for up to 100 people with a minimum of 20. What sets it apart is the opportunity for people to actually purchase a small lot of wine, have it cellared, and then bottle, cork and custom label the wine to take home.

They have a part-time event planning staff who works with the host to manage all the details from catering, live music, and wine label design.

They take the risk out of the wine making operation by buying the juice from whoever had a good year, fermenting, racking, filtering, bottling and custom labeling it. They have a 11,500 bottle inventory, 65% could be ready to drink, with an inventory value of $241,500. Inventory available at an additional cost of $25,000, not included in the business price.

The winery, is federally bonded and trademarked. It is located in a 6000 SF facility with 40% designed for wine and private events with the balance the winery 2 aging rooms, catering facilities, storage and offices. They spent over $200,000 on tenant improvements, built to health dept standards.

Owned by partners who operate it, what is required to run it is a bartender (additional can be hired thru caterers), sales and marketing , a receptionist preferably with photo shop experience for label design, and 1 person in wine making (could be the owner with part-time help to assist in racking, filtering and bottling).

Owners took their passion for wine to develop this unique business, nurtured it, grew it, but now each has other ventures they want to pursue. The concept, like fine wine takes time to mature.

Possible expansion areas include:
1) Wine clubs
2) Wine tasting parties, wine blending events
3) Event dinners, like Valentines Day.
4) Off-site events
5) Expanding business hours as a wine bar.
6) Retail/Internet operation featuring everything related to wine.
7) Increase wine production, or establish bottle and cellar relationships with other wineries to increase sales.
8) Sell their own brands or private label and distribute thru wine distributors to liquor stores and restaurants. Current wine inventory supplies their own venues.

Property information

Location:

5,918 sq.ft. rent $10,534. leas expires 2010 - 3 year option - longer option negotiable. ample parking.

Size in square feet:

5,918

Other information

Expansion potential:

> Wine clubs
> Wine tasting parties, wine blending events
> Event dinners, like Valentines Day.
> Off-site events
> Expanding business hours as a wine bar.
> Retail/Internet operation featuring everything related to wine.
> Increase wine production, or establish bottle and cellar relationships with other wineries to increase sales.
> Sell their own brands or private label and distribute thru wine distributors to liquor stores and restaurants. Current wine inventory supplies their own venues.

Support & training:

seller will provide training.

Reasons for selling:

other ventures.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

owner may carry a note for a well qualified buyer.

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$25,000