603 California Boulevard

Napa, CA, 94559

$12,000,000

$1,824 per ft²
$12,000,000
$1,824 per ft²
Active
Active
 - For Sale
carpenters-square
6,576 ft²
property_type
Commercial
Balloons Above the Valley ('BATV'), Napa's iconic hot-air balloon ride company, is offered as a turn-key business with excellent growth potential for $12,000,000. BATV is a thriving wine country tourism business, with a stellar reputation and dominant market share. BATV possesses all of the components needed to operate at higher capacity and increased profit - including facilities, equipment, and governmental authorization - merely by hiring additional staff to meet the growing demand. This business opportunity includes 603 California Blvd, containing office, balloon maintenance facilities, and support services, and also includes 5350 Washington and 5360 Washington Street that offer a fully vested, hot-air balloon launch site, along with the hot-air balloons, and other equipment necessary to operate the hot-air balloon business. The North Bay offers idyllic weather to allow hot-air balloon flights approximately 310 days. Current guest rates are $299 per person, and calendar year 2022 is on track to exceed $2 million in annual revenue. This turn-key business will generate profit and net revenue from the first day and investment into additional staffing will expand operations and generate increased net income. More into at https://balloonrides.com/napa-investment-opportunity
MLS® ID:
322104387
Updated:
1/30/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Concrete Slab

Exterior/Building Features

Lot Size
0.33 acres lot

Other Property Details

Area Name
Napa
Garage
No
Parking
N
View
N
County
Napa
Pool
No
Buyer Agency Compensation
2.5

Listed by Michael Holcomb (01458995), Strong & Hayden

Listing Contact:  

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