Historic Winery & Onsite Catering Facilities Property Included For Sale

Business description

A 22 Acre 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. Annual events are coordinated for major holidays along with family fun weekends during the summer and fall seasons. The wine license allows the holder a total of 23 outlet location to sell the products and the business acts as its own distributor within the State of New Jersey to local 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. This is an excellent opportunity and lucrative business with a high potential for further growth.

Property information

Real Estate:

Real Property Included

Location:

Located on a county road in northern New Jersey and surrounded by farms and open fields.

Premises details:

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.

Size in square feet:

10,000

Other information

Expansion potential:

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.

Support & training:

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.

Reasons for selling:

Other Industry

Trading hours:

Wednesday thru Sunday
9:30 am to 6:00 pm

Owner financing:

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

Financing available:

Financing is available for a qualified purchaser.

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$150,000 (included in the asking price)