Farmstead Cheeses and Wine
Two Locations – Alameda & Oakland
Two Boutique Stores Offering Fine Wine, Artisan Cheeses, Oils and Vinegars from around the World. Keith Simpson of Restaurant Realty sold Farmstead Cheeses and Wine, one location in Alameda and another in Oakland.
This highly successful business was founded by Jeff and Carol Diamond in 2003. Both Jeff and Carol share a passion for fine wines paired with amazing cheeses and sought to provide the finest in boutique and bargain wines, hand cut artisan cheeses, oils, vinegars and accessories from around the world. The 2 stores were small, 875 sq ft and 1270 sq ft, however they managed to grow the business to annual revenues in excess of $2 Million. Operating 7 days a week with their 12 employees has been a labor of love.
In mid-2022, Jeff decided it may be time for them to retire. Referred to Keith Simpson of Restaurant Realty by their close friends, Andy and Tanya Booth of the 3 stores ‘Spanish Table’ in the Bay area which Keith sold in 2022, the confidential marketing process commenced.
The Pandemic was nearing the end of a 2-year catastrophe for the restaurant industry, and a particularly difficult time to sell specialty wine and cheese stores. Many “Looky Loos” came and went until David Chambers, a successful wine merchant in his own right with many years of owning his small business and who wanted to grow quickly via acquisition, made an appropriate offer.
After a few counteroffers were presented, an appealing number was agreed in January 2023. Complicated by 2 ABC license transfers, 2 landlords and a huge inventory of premium wine, escrow finally closed in April.
David’s ambitions stretch to opening more stores in the coming years and use the established good name of the current business to be a successful entrepreneur in an area well known for world class wines.
We wish Jeff and Carol a happy retirement and David all future success.
Congratulations and best wishes to the buyers and the sellers!