Distillery For Sale - Peoria AZ $250,000

[Lucidi Distilling Co]

Read before responding.  Bill Owens himself visited my distillery a few months back and I would implore him to post here and give his opinion on the pricing of this distillery based on  what he saw and experienced.  I know I have posted this before on multiple pages, but its time for me to get out of this business for personal reasons.  Its just time for me to move on. 

Why build one when you can buy one for a fraction the cost?

NOTE:  This is an ASSET SALE with a new 10-year personal guaranteed lease attached.  This business is NOT losing money.  This business turns a profit with owner “put-backs” and credits for owner draws.

This is a state-of-the art distillery with an award-winning tasting room located in Old Town Peoria’s entertainment district housed at Fire Station No. 1 (originally built in 1920, and completely rebuilt to the foundation in 2015). A full business profile, pictures, press releases, video tour, and 3rd party appraisal ($1.2MM with the building) will be made available to potential qualified purchasers.

Unfortunately we have received a lot of requests from individuals wanting to learn how to start their own distillery, and we are not in the business of consulting.

The price of $250,000 is for the business, assets, equipment, marks, goodwill, and all FF&E. Inventory will be separate, and is anticipated to be under $40,000 at the time of sale based on raw production costs (not retail, obviously). A lease is in place for fair market value and terms. A 10-year NNN lease need to be signed and agreed to, and optional extensions are available as well at the then-market-rate. All equipment is to be owned outright by the purchaser but must remain on site as collateral until the completion of all payments on the lease. Prospective purchasers should have significant personal assets to cover the personal guarantee required by the seller and landlord, and excellent credit as well.
 

We will sell all distillery equipment and distillery related inventory separately for $365,115.

Lease payments with NNN included are expect to be $9,015/month for the 4,400 building.

Distillery Equipment includes a 330 gallon mash tun with agitator, three 440 gallon stainless steel fermentation tanks, 330 gallon hybrid pot still attached to a copper 4 plate 12" whiskey column topped by a state of the art dephlamator, 12 plate stainless 12" vodka tower, 12" gin basket, final condenser, parrots beak, (4) 55 gallon stainless steel transfer and holding drums on locking casters with lids and quick connect hoses, distillery hoses, air-pressure powered mobile mash and fluid pump, snap 40 alcohol meter, 2 separate bottle filling stations (Mori gravity filler and Xpress 2 bottle filler, 20+ new oak 53 gallon barrels with a char level 4+, barrel racking fork system, 5,000 lb forklift, custom stainless tables and bottling station, pallet jack, numerous hydrometers and measuring devices, OSHA approved mobile access stairs, commercial racking storage system, 15psi converted low pressure steam boiler (serviced and registered with the state 60 days ago), blow down tank, condensation return tank, 1,000 gallon glycol/water return tank, series progression pumping system, 8hp chiller unit, water purification system including a 96k resin based filter and "big blue" block filter, 5 stage R.O. system with 50 gallon bladder storage system, and hundreds of miscellaneous distillery related tools.  Not listed here but included is all newer bar equipment, walk-in cooler all kitchen equipment (all purchased new), and literally everything in the building with the exception of some minor personal effects.

Detailed Information

Location:

8307 W Washington St., Peoria, AZ 85345

Inventory:

Not included in asking price but anticipated to be under $40,000

Employees:

2 – not including the owner

Facilities:

Located in a state approved entertainment district and housed in a perfectly designed historic building. All state of the art and newer distillery equipment with well over 25 years left of useful service. Full distillery details and a complete list of all equipment can be sent after the purchaser has returned a signed NDA. Newer kitchen equipment (about a year old).  All construction done in accordance with modern and universal federal/state code.

Competition:

The business is the only game in town when it comes to this business model. As a federally regulated business, this industry has extremely high barriers-to-entry making competition not likely or easy. The business location in a prime location with over $100mm being invested in the immediate area in the next 12-18 months. This distillery would benefit drastically from the addition of other related restaurant and entertainment businesses.

Growth & Expansion:

Plenty of space to expand the current operation within the same footprint. The facility currently operates below 10% of its total capacity. Enough spirits can be produced in less than a month to stock the distillery and distributor for the entire year with current operations. Additional types of spirits can be made as well, along with highly profitable seasonal products we are launching this month. This business is being priced at its current ASSET SALE value, not its future value. Any growth items will have a positive effect on the bottom line.  There is a $75MM, 128,000 hospital being built a block away that will drive additional business to you.  Growth is positive year over year.  The business is only open Thursday 12-9, Friday 12-10, Saturday 12-10, and Sunday 12-6.  Additional hours would increase revenues.  Additional days open would increase revenue.  We have done zero marketing since day one, other than social media which is all organic with over 5,000 followers.

Financing:

*Proof of funds required to share detailed info.  Owner may carry, but only in special circumstances to the right buyer, and with conditions.

Support & Training:

2 weeks.

Other Miscellaneous Notes:

Buyer and Seller will split all costs to prepare sale documents, finalized lease agreement, background checks, personal and corporate guarantees, etc.  Total cost estimated to be between $8,000-$10,000.  Preference will be given to potential buyers than have in the past operated retail businesses, bars, restaurants, breweries, and distilleries.