Sold
Wine Storage Transportation Business and 23000 SF Building in Temecula
The preceding narrative is compiled and written by Margot Murphy, intermediary with Sage Advisory Group. All information is provided from seller and is believed to be accurate, yet all interested parties are required to verify information to their complete satisfaction.
NAICS 493120 Refrigerated Warehouse & Storage
Since 1982, the owner of this legacy Company has focused on the lucrative and highly specialized niche providing transportation and temperature-controlled storage to winery manufacturers in the Temecula Valley of Southern CA.
The Temecula Valley’s wineries and casinos contribute over $1 Billion in local economic revenue to the area each year. This area has been coined "Southern California’s Napa Valley". People flock here for its outdoor recreation, entertainment, small-town atmosphere and evolving culinary scene. Geographically, the area is conveniently situated between Los Angeles, Riverside and San Diego Counties.
The Company's owner and founder says, “Over the years, it has become evident that wineries are in the business of manufacturing wine, not so much in the transporting or storage of wine. This is where our Company has excelled.”
After decades of service, the Company has built a trusted and respected reputation within the wine industry.
The Company’s facility, which is owned, is also being sold. The building has capacity for 1,500 pallet storage. It currently houses 1,125 pallets and thirty wine barrels.
Although individual winery customers insure their products, the Company holds a CA Dept. of Public Health Food and Drug Branch Cold Storage or Refrigerating Facility License and a CA Alcohol Beverage License to store wine and spirits.
Listed By: Margot Murphy
Background information
Reference:
17822121-MM
Year established:
1982
Reason selling:
Retirement from wine warehousing and transportation sector
Finance
Sales:
$384,270
Profits:
$44,990
Profit type:
Discretionary Earnings
Operations
Employees:
Office Manager $30/hr, since 1981, 25 hours/wk (is retiring) Customer Service Rep, $20/hr, since 2000, 10 hours/wk Warehouse Manager, $24/hr, since 2018, 40+ hours/wk Accounting/Customer Service, $25/hr, since 2018, 40 hours/wk
Equipment:
Great Dane trailer, electric forklift, propane forklift, electric pallet jack, pallet wrapper, bottling line, corrugated baler, desks, chairs, file cabinets, printers, computers and software, lobby sofa and chairs, large conference table and chairs, three Dell laptop computers. Dual axel heavy duty Penske truck has three years remaining on lease. FFE will be finalized with owner at appropriate timing.
Premises
Facility:
Building size 22,464 SF, lot size 1.21 ac, three docks, 24’ ceilings, 800 amp service, 18,000 SF under newer unit refrigeration, sprinklered certified, 2019 new roll on membrane roof installed, two floors of office space, conference room and lobby at 2,000 SF per floor, building has 1,500 pallet storage potential.
Square footage:
22,464
Rent and lease terms:
Building is marketed for sale at $5.5M with owner intention of selling business and building to same buyer since current customers would continue to be serviced by new ownership. Business is represented for sale at $250,000.
Location:
Prime area in Temecula Valley in Class B industrial park.
Opportunities
Growth:
Integrate bar code tracking to cold storage customer inventory. Add sales rep(s) to expand customer service categories. Expand service footprint in surrounding areas outside Temecula.
Price and terms
Price:
$5,750,000
Training:
Four weeks at 25 hours/week