Colorado Vineyard & Winery for Sale
Finding the right Colorado Winery for Sale considers more factors than you’d think. Not only are you purchasing real estate, but you’re also purchasing a business with product, accounts, websites, and a reputation. The procedure to grow wine grapes and then press, ferment, & bottle wine is a complex process. So much happens behind the scenes that the average consumer will not comprehend. The same goes for marketing and transacting vineyard & winery properties with liquor licenses.
There are few areas in the state of Colorado that can grow vines. Vines prefer warm, dry climates, and many vineyards and wineries can be found in the Palisade area. There are also many vineyards in the Olathe, Delta, and Montrose area.
Wineries do not need to be located where the vines grow the grapes. For example, Carboy Winery is based in Breckenridge, Colorado, with its vineyards located on the Western Slope in Palisade.
It’s important to review the supply of the grapes for a winery, the business model, and the accounts the winery has.
When shopping for a vineyard or winery, it’s important to review:
- Grape & Fruit Suppliers
- Equipment included in the sale
- Yearly production & limitations on scalability
- On-site sales
- Vendors & distributors
- Shipping Solutions
- Gross Income vs. Net Income
- Real Estate Improvements
- Staffing: Does the owner run the business?
When selling a winery, there are usually three contracts involved:
- Real Estate Purchase Agreement
- Asset Purchase Agreement
- Transition Services Agreement
The real estate purchase contract handles the real property. The Asset Purchase Agreement transfers the personal property, equipment, liquor licenses, websites, client lists, accounts, and all trade names associated with the business. The Transition Services Agreement outlines the new buyer and the seller’s obligations for training & transition of the business.
Gary Hubbell, ALC, and Jake Hubbell, ALC, have teamed up to sell more wineries and vineyards in Colorado than any other brokerage. Their experience in the industry is a great asset to any buyer or seller, as they are aware of the process in transacting a winery and know how to evaluate the assets and real estate of wineries for sale to reach value for both buyer and seller.