Ecke Ranch Raises Expansion Capital with Sale of Encinitas Property
Ecke Ranch has entered into an option to sell its Encinitas, California property to locally-based Leichtag Foundation. The sale will not impact Ecke’s current business model or operations in the short-term, but will be part of the company’s expansion plans for the future.
The Encinitas property, just one of many that Ecke operates around the world, is dedicated to product research and development.
Since the company’s business model has changed, only a fraction of the land is currently being used and would be far more efficient on a smaller footprint.
Upon close, the sale will create additional capital to fund growth and innovation plans that have been in development for the last few years.
“We will have three years for an orderly transition of operations to one of our other properties or to a new location. Our customer service and attention to quality will not waver,” the company said in a press release. “We couldn’t have found a better buyer for this unique and beautiful property. The Leichtag Foundation is a nonprofit philanthropic organization. They will use the Encinitas land to realize a long term vision of Community Use which could include; urban farming, service learning, educational and cultural programs.”