Winery – Golf Course – Hotel
$6.8MM Revenue – Egg Harbor City, NJ
Our firm has been retained to seek a joint venture partner, equity investor, or buyer for the Renault Winery Resort & Golf. This 1,100 acre property contains a 54 room hotel, 18- hole championship public golf course, and historic 40 acre winery and banquet facilities that can accommodate individuals, corporate events, and weddings. Will consider investor for, or sale of, each business individually. Approximately 320 acres of property available for prime real estate development.
Renault Winery: Established in 1864, and recently celebrating its 150th anniversary, the winery is able to harvest 12 different types of grapes (5 red and 7 white), and produce 100,000 bottles annually of 25 different Wine and Champagne blends for commercial sale. Winner of the 2015 Governor’s Cup for their 2012 Renault Merlot. Currently, the primary customers are bus tours that visit the winery for day tours of the vineyard and wine tastings throughout the week and weekend. Buildings include:
– Café Building– Single story structure containing a 1,264 SF dining area and 410 SF kitchen.
– Main Complex- Two story 61,658 structure with the following:
Ground Floor: 12,314 SF winery and warehouse area, wine tasting room, 2,000 SF gift shop,
two banquet rooms and kitchen of approx. 23,020 SF, reception area, and unique “Wine Glass Museum” featuring over 400 wine glasses, dating back to the 13th century.
Second Floor: 8,052 SF gourmet restaurant with two dining areas and kitchen prep area.
Tuscany Hotel: 54 room “Tuscan” themed hotel encompassing 57,500 SF of space on 8.26 acres that is shared with a 190 seat restaurant, 200 seat banquet room, as well as two additional private rooms that can accommodate 60 & 100 people. Averaged throughout the year, the RevPAR was $50.64 in 2014. Approvals in place to add an additional 18 rooms.
Vineyard Golf Course: Championship public 7,213 yard, par 72 course located on 168 acres of land. Approximately 30,000 rounds played per year at an average daily rate of $42.96. The course has 31 acres of vineyards and includes a pro shop, maintenance, and golf cart storage buildings.
This is a unique opportunity to invest in or acquire one or more of the business units that make this a turnkey resort complex, with a long history in the Egg Harbor City, New Jersey area, a strong name and a well-diversified revenue stream, a strong repeat customer base and substantial room for growth including land for prime real estate development.
Bankruptcy court approved sale process already underway, bid deadline and auction date rapidly approaching. Time is of the essence in evaluating this opportunity.
By order of the US Bankruptcy Court, District of New Jersey
Case No. 14-33075, 14-33079, 14-33084, 14-33080, and 14-33082