Established Winery and Events Venue - Great Real Estate Opportunity
Illinois
| Asking Price: | $1,200,000 |
| Inventory: | $25,000 |
| Established Year: | 2018 |
| Gross Revenue: | $995,000 |
| Real Estate: | $1,500,000 |
Listing ID: 2138686Listing provided by BizBuySell
BUSINESS DESCRIPTION
The business and real estate is a wine bar and events venue set on 21 acres of countryside, hosting celebrations of all kinds from small gatherings of a few people or up to 200.
The property consists of several structures including:
-two indoor venues
-4 outdoor lounge options
-1 large garage and 1 shed for storage
-3-bedroom house serving as a bridal suite and storage
This business is best known for it's events. The best-selling product, however, is the signature sangria grossing around $120,000 per year.
Most customers come from a 40 mile radius, yet still receives a lot of guests from across the country when hosting weddings and events.
DETAILED INFORMATION
Location
Illinois
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
12
Facilities
This value is based on a 2018 commercial appraisal that valued the land and buildings at $1,300,000. Many improvements have since been made. Land and buildings are included in the offering price. The real estate consists of 21 acres and several structures including:
-two indoor venues
-4 outdoor lounge options
-1 large garage and 1 shed for storage
-3-bedroom house serving as a bridal suite and storage
Competition
The business is open to the public and people enjoy the relaxing outdoors and welcoming indoors when looking for a place to grab a bit to eat, have a couple drinks, and enjoy some down time. Event venues are a hot commodity and this business offers one of the best. Options for gorgeous outdoor settings and rustic, warm indoor settings, are offered to those planning events.
Growth & Expansion
Capable of growth with existing business or opportunity to morph the real estate into something new.
Financing
A portion of seller financing will be considered.
Support & Training
Sellers are willing to work with the Buyer in training the new owner/operator for a successful transition for a period to be negotiated.
Reason for Selling
Sellers are looking to move on to the next big adventure of their life.
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