1980 S U M M I T
1984
L A K E
L A M B O R N
D R I V E ,
FA M I LY
A N G W I N
V I N E YA R D S
1980 S U M M I T
1984
L A K E
LAMBORN
D R I V E ,
FA M I LY
A N G W I N
V I N E YA R D S
OFFERED FOR $7,900,000 LAMBORN.COM
L I ST E D BY DA M I A N A RC H B O L D G RO U P
DA M I A N A RC H B O L D
NICK MUCCITELLI
DRE# 00984748 Realtor® 707.339.3550 damian.archbold@compass.com
DRE# 02137193 Realtor® 818.620.6954 nick.muccitelli@compass.com
W I N E R Y D I S T R I C T S A N D AVA ’ S
N A PA VA L L E Y
S I T E M A P + PA R C E L I N F O R M AT I O N L A M B O R N F A M I LY V I N E YA R D S 3 PA R C E L S / 3 3 . 7 9 T O TA L A C R E S
PA R C E L I N F O R M AT I O N PA R C E L 1
A P N # 0 1 8 - 2 0 0 - 0 1 6 , 1 4 .96 A c re s - P r i m a r y Re s i d e n c e , B a r n , C o n c re te Pa d , We l l 1 , P u m p H o u s e & S t o r a g e Ta n k
PA R C E L 2
A P N # 0 1 8 - 1 2 0 - 0 2 1 , 1 1 . 9 9 A c r e s - S t o r a g e Ta n k
PA R C E L 3
APN #018-200-023, 6.84 Acres - Secondar y Residence, Garage, We l l 2 & G a te d E n t ra n c e
N E A R C U LT S TAT U S A B O V E T H E F O G
1
7.9 A c r e s P l a n t e d / 3 3 .7 9 To t a l A c r e s / Po t e n t i a l t o P l a n t 2 A d d i t i o n a l A c r e s
2
C e l e b ra te d , Acc l a i m e d W i n e M a ke r H e i d i B a r r e t t H a s B e e n M a k i n g L F V W i n e fo r 24 years
3
O rg a n i ca l l y Fa r m e d V i n eya rd s w i t h H i g h l y D e s i ra b l e S o i l a n d Fr u i t , O n l y Fo u n d o n t h e H o w e l l M o u n t a i n AVA
4
N o N e e d fo r F r o s t P r o t e c t i o n / A N o - T i l l C o v e r/ C u l t i v a t i o n S y s t e m t h a t Ke e p s S o i l Healthy
5
Tw o h o m e s , O n e B a r n a n d Tw o We l l s o n P r o p e r t y/ H a s Po t e n t i a l fo r a C a v e C o m p l e x B e l ow t h e V i n eya rd s
OFFERING OVERVIEW PROPERTY TYPE: Vineyard & Residential
ZONING: Agricultural Watershed (AW)
ADDRESS: 1980 & 1984 Summit Lake Dr. Angwin,
LAND USE: Commercial Vineyard
CA 94508
LOT SIZE (ACRES): 33.79 Planted (Acres): 7.3
APN: 018-200-016, 018-120-021, 018-200-023
UNPLANTED (ACRES): 26.49
PRIMARY/ SECONDARY HOME STORIES: 2 (Each)
PRIMARY HOME SQ. FT.: 2,630
YEAR BUILT: Primary Home, 1999
SECONDARY HOME SQ. FT.: 2,441
3 Bedrooms/ 2.5 Bathrooms in Primary Home
BARN SQ. FT.: 1,250
YEAR BUILT: Secondary Home, 1987 (Renovated in 2014-2015) 4 Bedrooms/ 3 Bathrooms in Secondary Home Detached Garage at Secondary Home’
BUSINESS OVERVIEW BUSINESS TYPE: Grape Farming
WELL 1 (GALLONS P/M): 28 GPM
GROSS INCOME 2021: $692,005.00
WELL 2 (GALLONS P/M): 75: GPM
TOTAL EXPENSES 2021: $261,600.00
GRAPE VARIETALS: Cabernet Sauvignon/Zinfandel
NET OPERATING INCOME 2021: $532,434.00
AVG. GRAPE YIELD: 6 tons/ acre
MAX PRODUCTION CAPACITY: 1,800 - 2,000 +/-
FARM EQUIPMENT: All
cases per year (7.3 acres)
3232 LAMBORN F A M I LY VD I RN YE YA C RR DESE
K
Lamborn Family Vineyards is located at 2,200 feet above sea level, high atop Napa Valley’s prestigious Howell Mountain appellation. Howell Mountain’s Aiken Loam volcanic soil, combined with its distinct mezzoclimate, provides the 8 acre organic vineyard with ideal growing conditions. This environment produces Howell Mountain Zinfandels and Cabernet Sauvignons of the highest quality and intensity, with all winemaking by Heidi Barrett of Screaming Eagle fame.
T H E STO RY The Lamborn pedigree on Howell Mountain started with Bob Lamborn in the late 1960’s at Outpost Winery. In 1974, Bob’s son Mike, along with his wife Terry, began developing 1984 Summit Lake Drive, where they planted their first vineyard in 1981 - roughly 3 acres of Zinfandel. Over time, an additional two parcels were added to their portfolio. In 1996, Bob retired and Mike and Terry took over operations with their sons Matt and Brian. The famed winemaker Heidi Barrett joined their team in 1997 and, in 1998, they planted their first 3 acres of Cabernet Sauvignon. Fifteen years later, the Lamborn’s began development of another 1.5 acre block of Cabernet, this time dedicated to a specialty Entav French clone. Over the years, the Lamborn brand has focused on building their Direct-toConsumer sales model, which today makes up a majority of their sales.
3232 AN ELITE CLUB D R Y
C R E E K
WINEMAKER, HEIDI BARRETT
Dubbed “The First Lady of Wine” by Robert Parker, Heidi’s reputation as a winemaker is second to none. She is the only winemaker to have achieved consecutive 100 point scores (Screaming Eagle/Dalle Valle) from Parker; and doing it twice. Heidi Barrett remains one of the most sought-after winemakers in the world, thanks to her unparalleled attention to detail, mastery of her craft, and being an allaround wonderful person. Heidi has been making Lamborn wines since 1997 (24 years).
H O W E L L M O U N TA I N , A B O V E T H E F O G The first sub-appellation of Napa Valley, Howell Mountain remains one of the most prestigious wine regions in the country. Thanks in part to its volcanic soils, elevation, and perfect climate, wines from Howell Mountain rank among the best in the world. Heralded by connoisseurs worldwide, Howell Mountain wines are considered bold, elegant, richly textured, and unique to both mountainous and valley regions. The Lamborn’s have been farming on Howell Mountain since 1969. Situated at the top of Howell Mountain at 2,200’ in elevation, LFV receives more sunlight than most of the entire Napa Valley. Being on a mountain peak, our vineyard is not only one of the first to receive the sun’s rays, but one of the last as well. Being above the fogline gives LFV 9-12 hours more sunlight than that of other Napa vineyards in an average week. This directly correlates with higher quality, concentrated berries.
4 T H G E N E R AT I O N F A M I LY W I N E R Y The Lamborn’s run every single aspect of the family winery. They were the first “Family Vineyard” label in the country, something that has become a trend these days. While there are plenty of “family wineries” that aren’t involved in daily operations, Lamborn is run by Lamborn’s. Four generations have proudly worked this soil, growing the best grapes and producing the highest quality, single vineyard wines.
ABOUT THE FRUIT H O W E L L M O U N TA I N , A B O V E T H E F O G The first sub-appellation of Napa Valley, Howell Mountain remains one of the most prestigious wine regions in the country. Thanks in part to its volcanic soils, elevation, and perfect climate, wines from Howell Mountain rank among the best in the world. Heralded by connoisseurs worldwide, Howell Mountain wines are considered bold, elegant, richly textured, and unique to both mountainous and valley regions. The Lamborn’s have been farming on Howell Mountain since 1969. Situated at the top of Howell Mountain at 2,200’ in elevation, LFV receives more sunlight than most of the entire Napa Valley. Being on a mountain peak, our vineyard is not only one of the first to receive the sun’s rays, but one of the last as well. Being above the fogline gives LFV 9-12 hours more sunlight than that of other Napa vineyards in an average week. This directly correlates with higher quality, concentrated berries.
FRUIT HIGHLIGHTS • Organically farmed over the past 4 years but not certified. • Aiken loam soil series, highly desirable and a staple of the Howell Mountain AVA. • A no-till cover cropping/ cultivation systems keeps soil healthy and helps erosion control. • No need for frost protection. • Drip irrigation system. • Potential to plant two additional acres of vines.
“
Mountain fruit in Napa Valley generally tends to be more wild and brambly than that of its counterpart on the floor, and Howell Mountain is particularly intense and delicious. Every year working with Lamborn Family Vineyards Howell Mountain fruit is special. Their vineyard is situated on a very unique site and the 2,200 foot elevation adds an additional quality element to their grapes.
“
HEIDI BARRETT/ WINEMAKER
RE VENUE – 6 YEAR PRO FORMA SHI PMENTS
201 9A
2020A
2021F
2022P
2023P
2024P
9L Case Sales - Wholesale
383
362
398
626
269
768
9L Case Sales - Retail
1,312
1,320
1,317
1,168
644
1,431
9L SHIPMENT TOTAL
1,695
1,682
1,715
1,794
913
2,199
COMBINED P&L SUMMARY
2019A
2020A
2021F
2022P
2023P
2024P
Sales - Wholesale
$236,030
$181,401
$229,020
$330,996
$168,090
$381,264
Sales - Retail
$770,869
$1,011,075
$1,304,532
$1,235,568
$728,400
$1,421,772
NET SALES
$1,006,899
$1,192,476
$1,533,552
$1,566,564
$896,490
$1,803,036
Total COGS
$433,318
$552,941
$711,095
$726,402
$415,694
$836,052
GROSS MARGIN Case Goods
$573,580
$639,536
4822,457
$840,162
$480,796
$966,984
GROSS MARGIN Case Goods % Net Sales
57%
54%
54%
54%
54%
54%
Misc DTC Income / (Expense)
- $92,737
- $143,114
- $130,453
- $123,557
- $72,840
- $142,177
GROSS MARGIN TOTAL
$480,844
$496,422
$692,005
$716,606
$407,956
$824,807
GROSS MARGIN Total % Net Sales
48%
42%
45%
46%
46%
46%
Sales & Promotional Expenses
$30,163
$26,849
$16,768
$21,809
$19,288
$20,549
Marketing Expenses
$12,078
$16,486
$13,268
$14,877
$14,073
$4,475
Sales & Marketing - Total
$42,241
$43,335
$30,037
$36,686
$33,361
$35,024
DIRECT BRAND CONTRIBUTION
$438,603
$453,087
$661,968
$679,920
$374,595
$789,784
DIRECT BRAND CONT. Total % Net Sales
44%
38%
43%
43%
42%
44%
General & Administration
$109,449
$126,571
$129,535
$128,053
$128,794
$128,423
O PER AT ING INCO M E
$329,155
$326,516
$532,434
$551,867
$245,801
$661,360
OPERATING INCOME Total % Net Sales
33%
27%
35%
35%
27%
37%
Net Interest Expense
$26,748
$23,834
$21,450
$19,305
$17,375
$15,637
Misc Net Income / (Expense)
- $30,202)
- $37,350)
- $15,612
- $26,481
- $21,046
- $23,764
NET I NCO ME B EFO R E FA M I LY E X P E N S ES
$272,205
$265,332
$495,372
$506,081
$207,380
$621,960
Lamborn Family Expenses
$166,134
$130,945
$261,600
$171,273
$191,436
$181,355
NET I NCO ME AF T ER FA M I LY E X P E N S ES
$106,071
$134,387
$233,772
$334,808
$15,944
$440,605
RE VENUE – 6 YEAR PRO FORMA CASE SALES BY YEA R
V 15 / 16 CAB
201 9A
2020A
2021F
2022P
2023P
2024P
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
20 0 / 4 0 6
V 16 / 17 CAB
189 / 4 05
V 17 / 18 CAB
20 8 / 4 08
V 18/ 19 CAB
228 / 4 26
V 19 / 20 CAB
184 / 344
V 21 / 22 CAB V 15 / 16 ZIN
228 / 426 125 / 652
V 16 / 17 ZIN
118 / 5 65
V 17 / 18 ZIN
13 0 / 65 4
V 18 / 19 ZIN
199 / 371
V 19 / 20 ZIN
85 / 300
V 21 / 22 ZIN V 15 / 16 2200’
341 / 634 58 / 254
V 16 / 17 2200’
5 5 / 3 50
V 17 / 18 2200’
60 / 255
V 18 / 19 2200’
199 / 331
V 19 / 20 2200’
-/-
V 20 / 21 2200’
199 / 371
3 83 / 1 , 31 2
3 62 / 1 , 320
P R I C E /75 0 M L
P R I CE/CASE
CAB
$12 5
$1, 5 00
ZIN
$ 59
$70 8
2 200’ B L END
$ 75
$90 0
398 / 1 , 317
626 / 1 ,16 8
296 / 64 4
76 8 / 1 , 431
RE VENUE – 6 YEAR PRO FORMA CASE SALES BY YEA R
V 17 / 18 CAB
201 9A
2020A
2021F
2022P
2023P
2024P
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
20 0 / 4 0 6
15 6,0 0 0 / 189 / 4 05
V 18/ 19 CAB
612 ,0 0 0
17 1,000 / 639,0 0 0
V 19 / 20 CAB
138,000 / 516,000 171,000/
V 21 / 22 CAB 4 6,020 /
V 17 / 18 ZIN 125 / 652
V 18 / 19 ZIN
4 62 ,03 2 118 / 5 65
639,000 70, 4 4 6 / 262 , 66 8 30,090 /
V 19 / 20 ZIN
212,400
V 21 / 22 ZIN 27,000 /
V 17 / 18 2200’ V 18 / 19 2200’
120,714 / 448,872
229, 50 0 58 / 254
89, 550 / 5 5 / 3 50
V 19 / 20 2200’
3 3 3,900
-/89,550 /
V 21 / 22 2200’
333,900
201 9A
2020A
2021F
2022P
2023P
2024P
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
WS / DTC
23 6,03 0 /
181,401 / 1,011,075
229,020 /
3 3 0,9 96 /
16 8,0 90 /
381, 26 4 /
1, 3 04 , 53 2
1, 235, 5 6 8
728, 4 00
1, 4 21,7 72
7 70, 8 69
AVER AG E
616. 27 /
501.11 /
575.4 3 /
16 8,0 90 /
624.87 /
496.4 4 /
5 87.5 5
765.97
9 90.53
728, 4 00
1,13 1 .06
9 93.55
H A RVEST + Y I E L DS VA RIETAL
2017
2018
2019
2020
2021
BLOCK 1: ZINFANDEL
12.5 Tons 4.3 Tons per acre
15.44 Tons 5.3 Tons per acre
11.1 Tons 3.8 Tons per acre
-/-
6.4 Tons 18.6 Tons per acre
BLOCK 2: CABERNET SAUVIGNON
10.8 Tons 3.7 Tons per acre
11.17 Tons 4.0 Tons per acre
10.24 Tons 3.5 Tons per acre
-/-
COMING SOON
BLOCK 3: CABERNET SAUVIGNON
4.35 Tons 2.9 Tons per acre
4.68 Tons 3.0 Tons per acre
4.62 Tons 3.0 Tons per acre
-/-
COMING SOON
*1 TON OF GRAPES YIELDS 65 CASES OF WINE *EACH CASE HOLDS 12 - 750 ML BOTTLES OF WINE
PRIMARY RESIDENCE OVERVIEW •
2,630 SQ FT
•
3 BEDROOMS / 2.5 BATHROOMS.
•
BEAUTIFUL GREAT ROOM WITH MEDITERRANEAN FLOORPLAN
•
WRAP AROUND DECK WITH 360 DEGREE VIEWS OF THE VALLEY FLOOR AND AVA
•
BOCCE BALL COURT AND GARDENS
•
CENTRAL AIR AND HEAT RECENTLY INSTALLED
•
BUILT IN 1999
SECONDARY RESIDENCE OVERVIEW •
2,441 SQ FT
•
MAIN LEVEL – 3 BEDROOMS / 2 BATHROOMS
•
LOWER LEVEL – 1 BEDROOM / 1 BATHROOM
•
REMODELED 2014 - 2015
•
BUILT IN 1987
E QUIPMENT L I ST Kubota tractors: One with a bucket loader, fork
2
lift attachment and box scraper Chipper
1
Wood splitter
1
Harvest trailers
2
Eight (8) kw generators
2
Eight (8) Foot utility trailer
1
Eighteen (18) Foot flatbed trailer
1
2020 Ford F-350 Super Cab flatbed truck
1
Forklift
1
Kubota 4x4 RTV w/dump bed
1
Honda 4x4
1
Honda 2x4
1
Other: Chain saws, weed eaters, blowers, trimmers, and various hand tools.
B LO C KS , RO OTSTO C KS , C LO N E S • Zinfandel 1981 Wente clone planted on AXR-1 • Zinfandel interplant 1998 Deaver Clone on St. George • Cabernet 2001 All planted on 101-14 roots, the fruit clone is split 50/50 07 & 337 • Cabernet 2014 ( Matt’s parcel ) 101-14 roots, clone 169 Crop Care performed isolated plant tissue analysis in 2019 in the Zinfandel. They identified a few vines with virus which we removed.
CURRENT VENDORS + SERVICE PROVIDERS Chemicals Labor
Napa Valley Ag Supply, Wilbur Ellis, St. Helena Mario Bazan Vineyard Management
Supplies
Central Valley Builders Supply
Propane
Napa Valley Petroleum
Parts, Service, Repair Electric
Green Valley Tractor PG&E
1980 S U M M I T
L A K E
1984 D R I V E ,
A N G W I N
L A M B O R N F A M I LY V I N E YA R D S
LAMBORN.COM
DA M I A N A RC H B O L D DRE# 00984748 Realtor® 707.339.3550 damian.archbold@compass.com
NICK MUCCITELLI DRE# 02137193 Realtor® 818.620.6954 nick.muccitelli@compass.com
This Offering Memorandum contains information that is privileged and confidential. Buyer must verify accuracy of all data & information pertaining to entire offering memorandum. If you are not the intended recipient, be aware that any disclosure, copying, distribution or use of the contents of this information is prohibited. If you have received this Offering Memorandum in error, please notify Damian Archbold or Nick Muccitelli immediately by email at: damian.archbold@compass.com or nick. muccitelli@compass.com.