Winery, Event Center And Restaurant
Not Disclosed, IA Not Disclosed
Eastern Iowa
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- RE: Winery, Event Center And Restaurant
- Contact: Michael Rooney
Quick Facts
| Asking Price: | $749,000 | |
| Annual Revenue: | $1,494,579 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $94,995 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,374,655 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1997 | |
| Employees: | 11 | |
| BBN Listing #: | 949620 | |
| Broker Reference #: | 5001-18437 |
Business Overview:
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.
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Property Features and Assets:
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.
Assets = $1,436,276
Market Competition and Expansion:
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.
Expanded hours, product line expansion and facility utilization for events, etc.
Reason for Selling:
Retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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