Owner Financing is Available!
Business Overview:
This company was established in 1975 by the current owners. The firm provides the finest Imported and Domestic Fine Wine, Champagne and Vintage Port from the best vintages to its customers at low prices. Its focus is on wine that is critically acclaimed, highly allocated and not readily available in the market place. The company began as an Importer/Wholesaler. However, 85% or more of sales are currently generated from retail clients. The company is proud of its good service, competitive pricing and the ability to deliver Wine, Port and Champagne in top condition to its customers. Sales are derived from its own website, an eBay site as well as from a large base of customers who have purchased wine over the years – both at the Retail and Wholesale level. The company has established relationships with European suppliers going back to the early 80’s and enjoys a good international reputation for fair dealing and paying bills in a timely manner. At its height, the business generated $1.69 Million in sales and continued to have strong revenues and profits until 2008. The business slid along with the economy in 2008-09 and bottomed out in 2009-10. In the current fiscal year 2010-11 (YE 6/30) business has begun to rebound and is on track to hit $200,000 in sales. The owner is 71 and has not had the energy necessary to deal with the recession and return the company to profitable revenue levels of the past. The company can greatly benefit from an owner with youth and drive to achieve these goals. The business holds all necessary licenses and permits to import, wholesale and retail wine and beer – a unique combination rarely available to one entity. Owner is willing to stay on as a consultant on an as needed basis after the transition period, if the buyer so requests. This business is perfect for an existing wine store or wine bar, wine enthusiast, importer, wholesale/distributor and/or anyone with online retailing experience.
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.
Reason for Selling:
retiring, health
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.
Resources: