Friday, July 31, 2009

New Jersey Winery For Sale!

White Township winery up for sale while Pohatcong Township vineyard looks to expand
Thursday, July 30, 2009
The Express-Times
WHITE TWP. Robert Matarazzo created a vineyard as an investment for his four young daughters and named the place, to no surprise, Four Sisters Winery.
Now that the sisters have grown up and moved on to different careers, Matarazzo is getting ready to pour his last glass.

As the winery prepares to celebrate its 25th anniversary this fall, Matarazzo is looking to sell the 22.5-acre business. The winery is expected to hold grape stomping, a murder mystery and other events before its anniversary celebration in November.
"This is meant for a younger generation to take over," Matarazzo said.

Four Sisters Winery has been on the market since the beginning of last year, Matarazzo said. The Route 519 business has continued to attract interested buyers, but Matarazzo said he is not facing any financial pressures to sell.

The current asking price is $1.68 million, plus the value of inventory at the time of the sale, he said. The land could be developed for residential use, but any business would have to be of the agricultural kind, he said.

Matarazzo said potential buyers have expressed interest in maintaining a winery.

Matarazzo plans to continue working as a marketing consultant for agricultural businesses while also farming the remaining 210 acres on his property. Matarazzo lives on that section and grows apples, pumpkins and other crops.

"I'm a farmer at heart," said Matarazzo, who served on the New Jersey State Board of Agriculture until recently.

Matarazzo said Four Sisters Winery is still profitable

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