Ever wanted to get into the wine business?
A Sunol, Calif., vineyard that includes an historic stone mansion and an events business is on the market for $5.02 million, the East Bay Business Times reports.
Owner Donna Flavetta decided to sell Elliston Vineyards along with other East Bay assets, pay off her debts, and retain commercial and residential properties in Arizona and Hawaii, said Colliers International Senior Vice President Mark Triska.
The 8.5-acre vineyard includes an 1890 mansion built from stone quarried in nearby Niles Canyon, plus offices, three small houses and a cellar. The mansion, a popular site for weddings and other events, is on the National Register of Historic Places. The grounds include terraced flower gardens, lawns and mature oaks.
The Elliston winery is profitable, although only a small amount of grapes are produced on-site, Triska said.
Early interest in the property has come from a Silicon Valley entrepreneurial center, restaurateurs and Livermore-area wineries, said Triska, noting that marketing has just started and a national campaign is planned.
The vineyard’s weddings and events business will continue uninterrupted, said Flavetta, adding that it was hard to sell the vineyard that had been in her family since 1969. Her son, Mark Piche, is Elliston’s vice president of operations.
“It is time for our family to move on to new adventures and new business opportunities,” she said.