Owner Financing is Available
Business Overview:
Asking $175k of BEST OFFER! No expense was wasted on the design of this shop which caters to the upscale wine customer. Product selection is currently limited to fine wines and upscale products. The revenue mix consists of 40% wine, 16% beer, 42% liquor allowing for a gross profit margin of 27.5%. The store opened its doors in 2004 with the intent to operate an upscale fine wine shop offering products and services currently lacking in the existing market. Owner operated with a limited staff, due to the design and nature of the existing operation. Store hours are Monday through Thursday 9 am to 7 pm, Friday & Saturday 9 am to 9 pm and Sunday 11 am to 4 pm.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The current lease is negotiated through August 31, 2010 with a five year option. Located in a shopping district within a 3230 square foot retail space.
Market Competition and Expansion:
The intent of the owner was to operate an upscale fine wine shop offering products and services currently lacking in the existing market. Talbot County sells more wine per capita than any other county in Maryland. Talbot County is also one of the wealthiest counties in Maryland. Opportunities for growth include; increasing beer selection and package selection, offering lottery services, and expanding the overall limited product mix currently offered. Hours of operation should be expanded as well.
Reason for Selling:
To allow for next generation of owner
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.