National rootstock producer to wine industry
Te Horo, Kapiti Coast
- Proposed Usage
- Property ID
An opportunity has arisen to purchase upwards of a 50% share in one of the leading producers of vineyard rootstock in New Zealand.
The business is Stanmore Farms Ltd and the nursery is one of a limited number of producers growing premium certified rootstock under the NZ Winegrowers Grafted Grapevine standard.
Based on the sunny Kapiti Coast, the business is situated on 19 ha of north west facing slope at the foot of the Tararua Ranges where the climate and deep fertile soils make perfect growing conditions.
Well recognised in the industry, Stanmore Farms nurseries first rootstock was planted in 1989 and since then their vines have been at the fore front of the wine industry the length and breadth of the country. If you love Central Otago Pinot Noir then chances are the grapes have come from Stanmore Farms root stock.
They also have two exclusive varieties of drought resistant rootstock.
Due to an unfortunate change in personal circumstances, this very successful multimillion dollar company is looking for an investor to purchase upwards of 50% of the nursery business with an investment starting around $750,000, based on a recent valuation, plus SAV.
It is expected the investor will have an interest in the industry as well as be looking for a business opportunity with a company that is a leader in its field that they can help take to the next level. The purchase price includes a 20-year lease on the land (with rights of renewal) plus all the components that make the business what it is including one of the most committed and experienced management and production teams in the industry.
For further information on this opportunity please contact Stephen Lange - 027 276 2580