This Winery has been making wine in this 1896 building located on the Mississippi in the Port of Dubuque since 2006.The 11 wines produced are distributed statewide to retailers and sold to customers in the tasting room/restaurant and event center. The event center is a large draw to customers with it wedding venue, business meetings, mystery dinner theater and live music. Immediately outside the event center is an Amphitheater which serves for large outdoor events.
- Asking Price:
- $749,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,494,579
- Cash Flow:
- $94,995
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Located in an historic Building in downtown Iowa. The building had been the set of two Hollywood movies and houses the restaurant, event center and wine making equipment. The lease for the business can be extended for a minimum of 10 years.
Business Operation
- Expansion Potential:
-
Expanded hours, product line expansion and facility utilization for events, etc.
- Competition / Market:
-
Company has found a niche market in the wine business that no others are following. Further, the company owns the rights to the iconic wine brand.
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Mon-Thurs 4pm-6pm; Fri-Sat 11am-8pm
- Employees:
- 3 FT/8 PT
- Years established:
- 27
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Furniture / Fixtures value:
- $1,374,655 - included in the asking price
- Inventory / Stock value:
- $61,621 - included in the asking price
