Niagara Estate Winery + Event Center For Sale

Lockport, NY

Asking Price:	$11,000,000
FF&E:	$800,000

Inventory:	$2,300,000
Established Year:	2006

Listing ID: 2022882Listing provided by BizBuySell

BUSINESS DESCRIPTION

Stunning Historical Land, Winery and Wedding Venue

Step into a rustic + sophisticated lifestyle business as the new owners of this esteemed Niagara winery and event venue.

Its land has connections to the Underground Railroad and other parts of American History.

Nestled among 114± acres on the desirable bench of the Niagara Escarpment (AVA), the breath-taking landscape consists of 12 acres of vineyards, a 1,000 tree apple orchard, 50 acres additional plantable acreage and a bonus 21+/- acre developable plot.

13,000+/- sf wine-making facility, 2 story 4 bed historic stone house, 5,000 sf restored timber barn for weddings and events.

Distribution of apples and wine product in place, scalable.

This is a turn-key opportunity for remote ownership.

Management is inspired to stay in place and continue operations.

Purchase includes business (staff in place, inventory, equipment, etc)

Contact agent for more information on the business and land opportunities.

DETAILED INFORMATION

Location

Lockport, NY

Inventory

Included in asking price

Real Estate

Owned

Included in asking price

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

• Facility built in 2006 includes: tasting room, barrel + production room, guest bathrooms, lab, loft space for offices, full kitchen, pantry, staff bathroom with shower, laundry, climate controlled storage (13,000 sf) • Restored timber framed barn built in 1826 used for events and weddings (5,042 sf) • Restored Vineyard Manor House built in 1826 with stones from the Erie Canal (2,486 sf) • Varieties include Pinot Noir, Cabernet Franc, Riesling, Cabernet Sauvignon, Chardonnay, Merlot • Commercial winery license, full restaurant/ liquor license

Competition

There is a shift occurring in the wine world. Vintners are trying to figure out where the new wine regions for the future will be. Old-world regions such as France and Italy are having trouble with yields due to climate change. California is having trouble with fires. Studies are showing the America's North East (including Western NY) is a new wine-making frontier. This is an opportunity to own an already established, sophisticated property and business in this region.

Growth & Expansion

The area of growth for this business is in wholesale distribution. There are also 50 additional plantable acres to expand grape yield, which is prime for future development. Adding additional room and boarding for short term guests would be another excellent investment to increase revenue.

Financing

Seller financing is available if the buyer can put down more than 50%. Terms TBD.

Support & Training

The owners are remote although active, and the 5 full-time team members manage the business and are motivated to stay on after the transfer of hands. They are willing to train the new owners. Owners will be available to meet and discuss transferring over to new owner.

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