(Courtesy VisitNapaValley.com)
For $12 million, you can buy more than just a lot of hot air.
Bob Barbarick is selling his business, Balloons Above the Valley, as well as the three properties it operates from, for $12 million, according to the Napa Valley Register.
At the heart of the sale is Balloons Above the Valley, which comes with eight hot air balloons, most of which have capacities for up to 20 passengers, as well as vehicles and equipment needed to run the business. That includes nine vans that are used to meet the balloons once they land, the outlet reported.
The three properties – one at 603 California Boulevard in Napa and parcels at 5350 and 5360 Washington Street, between Napa and Yountville – total more than 3 acres, the outlet reported.
Michael C. Holcomb of Strong & Hayden commercial real estate is the listing agent.
Barbarick has operated the business – which currently has four pilots and 32 ground staffers,…
