This beautiful estate that contains the following structures and assets: two story residence with very impressive views of the Shenandoah Valley and the Great North Mountains in the background. Three car garage. 3-story winery building with wine processing equipment on the main floor, bottling and labeling equipment and case storage in the basement and tasting room and two scenic tasting decks on the top floor. Large steel equipment barn with tool room and equipment storage. Barn contains vineyard and winery equipment needed to grow and process the grapes. vineyard with each of the following varieties: Cabernet Sauvigan, Cabernet Franc, Chardonnay, Chambourcin and Traminette. Total vines: 3700 plus or minus on roughly 30,000 ft. of trellises. Walking trail with two ponds, two picnic shelters and one gazebo Large event patio for parties, weddings and concerts. Only some of the property is currently being used for the residence and winery/vineyard operation. The remaining acres are currently leased to a neighbor for pasture. This parcel would be available to expand the vineyard if new owner desired. The business is run by the Elledges as a retirement project and could be expanded beyond the current level to double the output of the winery. The Elledges market their wines solely through the tasting room retail store. Extra production and sales could be generated through State run outlets, restaurants, wine shops, etc. Other additional sources of income not currently being exploited are concerts, B&B rental, weddings, and winery tours. Plus the winery is only open four days a week in the summertime and two days a week in the winter. Increasing the number of days open would greatly increase the income generated by the tasting room. The Elledges are in their 70’s and are unwilling to expand their retirement project beyond this scope. The correct energetic individual or couple could take advantage of these additional income sources to increase the cash flow and income to augment the return on the investment. As with most business ventures the success or failure of such an enterprise is due a large part on the business acumen and vision of the owners. The Elledges are willing to stay on to train the new owners in the production of grapes and wine and the merchandising of the wine
Listing By United Brokers VA Ltd.
Data Last Updated 2:35am - 03/04/2021
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