Flat Creek Estate: "Top 10 Best Wine Destination"

Marble Falls, TX
Burnet County

Texas Hill Country


Asking Price: Annual Revenue:
$6,950,000 $2,215,537

Commercial Real Estate: Land


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RE: Flat Creek Estate: "Top 10 Best Wine Destination" Broker: Carl Mehlman
Owner Financing is Available!
Contact Business Broker for Owner Financing.

Quick Facts

Asking Price: $6,950,000
Annual Revenue: $2,215,537
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,105,160
Real Estate: $5,809,770
Year Established: 1998
Employees: 20
BBN Listing #: 570757487
Broker Reference #: Not Disclosed

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Business Overview:

"One of the 50 most amazing places to taste wine in America" - Food & Wine Magazine

This package of assets (80 acres w/ 18 vineyard acres; 33,000+ square feet of improvements; full service winery; and Marble Falls restaurant + tasting room) has been reduced considerably from fair market value for a quick sale.

Located at the heart of the beautiful Hill Country in Central Texas, Flat Creek Estate is a spectacular 80-acre property with 18 acres of vineyards, producing award winning wines (300+ to date). The estate includes over 33,000 square feet of covered buildings and premium improvements consisting of: a winery production facility and tasting room (9,600 square feet); a barrel storage facility; a port room; a private tasting room; an upscale bistro/restaurant; an outdoor covered pavilion; vintner's quarters; offices; exercise room; a two-bedroom steel beamed home; a championship disc golf course; a bace ball court and more.

Flat Creek Estate is renowned with a stellar reputation for consistently producing magnificent, world-class wines. Flat Creek Estate's proprietary "Super Texan" was the first red wine in the state of Texas to win a double gold medal at the International San Francisco Wine Competition. Additional Flat Creek Estate varietals have followed with multiple gold medals over many years.

This unique Texas Hill Country destination offers a variety of ways to experience the magnificent scenic views. The Estate features a plethora of activities throughout the year including a relaxing guided wine tasting, a culinary adventure, a challenging round of disc golf, R&R overnight at the Vintner’s Quarters and many other events. Flat Creek Estate has evolved into a premier destination over 20 years.

This is a rare opportunity to become the proud owner of a legacy winery and vineyards, as well as Flat Creek Enoteca, an urban wine bar featuring wine flights and casual dining, in the heart of downtown Marble Falls. The Director of Business Operations heads up a team of 20+ individuals producing over 10,000 cases annually and over $2,000,000 in revenue.

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Property Features and Assets:

The Estate features over 33,000 square feet of beautiful Tuscany style buildings containing a wine production and storage facility, an elegant bistro, multiple tasting rooms, an outdoor covered pavilion, offices, a Vintner's Quarters sleeping 6, plus a two bedroom steel beamed home. Improvements and expansion have been built out beginning in 2001. Completed in 2001, the 5,500 case winery was soon producing at full capacity. The winery was expanded to a 10,000 case winery, with 2009 marking the "first crush" in the new facilities. The Wine Production Facility, encompassing 13,000 square feet, includes a tabled Tasting Room, private Port Room and Gift Shop. The 5,000 square feet Bistro & Events Center was constructed in 2005. The Flat Creek Bistro & Events Center serves as an exceptional venue for private dinners, receptions and weddings. Since 2007, special events are held in the outdoor Pavilion spanning over 6,300 square feet, featured within the stone arches of the magnificent Pavilion. Musicians regularly praise the acoustics of the wood ceilings and stone structure. The original tasting room, now reserved for private parties, was re-named Trooper's Den in 2012, in honor of the owners' Red Doberman. Transaction includes $2,000,000 in inventory.

Market Competition and Expansion:

Market Pro: Marble Falls is the gateway to the Highland Lakes area of the Texas Hill Country, and is the regional retail, wholesale, trade and service center for a primary trade area of 70,000 people and a secondary trade area population of 150,000. The Highland Lakes are a series of lakes located on the Colorado and Llano Rivers and include Lake Buchanan, Inks Lake, Lake LBJ, Lake Marble Falls and Lake Travis. The natural beauty of the Texas Hill Country and these lakes combine to make the area ideal for visitors and tourism, second homes, and retirement homes. The economy depends on tourism and natural resources including granite mining, limestone mining, and business services. Marble Falls is approximately one hour’s driving distance to downtown Austin and one hour and fifteen minutes to downtown San Antonio. Flat Creek Estate, located at the heart of the Texas Hill Country, is the only winery within the immediate area and has evolved into a premier destination over the last 20 years. There are 83 home communities within a 25 mile radius of Marble Falls. Over 33 home builders are currently offering over 1,000 new homes for sale in Marble Falls. There are approximately 5 wineries in close proximity. There are currently 53 wineries in the Texas Hill Country. Market Con: There are heavier concentrations of wineries and competition, in other Hill Country areas. It is difficult to draw off competitors traffic, until winery growth occurs in the Marble Falls area. Growth & Expansion Pro: Flat Creek Estate currently produces +or- 10,000 cases of award-winning wines annually. With additional capital investment, production can be doubled mostly utilizing existing facilities and equipment. Investment in producing new accommodations on the property would produce new recurring revenue and multiple additional revenues for the Estate. Growth & Expansion Con: As with any capital investment in growth there is risk and liability to be assumed. With that being said, Flat Creek Estate has shown a consistent ability to grow revenues with new and existing revenue streams over many years and current and forecast growth in the area is exponential and has a long run ahead.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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