Business Overview:
This is a one of a kind, unique, wine shop. The business was voted the Best wine shop in Seattle by City Search for 2009. It has been established for over 10 years with a steady and loyal client base. Over 75 wine club members which generates over $1,000 month in steady revenues. There are over 1,600 customers on the mailing list. There are many events that the business uses to draw customers - they have private parties with catered meals, 2 wine tastings per week, 3 big events per year, and 2 times a year they bring a Taco truck and have a big party. All of these events have helped keep a steady flow of repeat and new customers coming to the business. The current owner has treated the business more like a hobby than a growing concern. His hours are only 3 PM - 7 PM (Wednesday - Friday) and 12 - 74 PM (Saturday) - it is obvious that the new owner could easily increase business by being open more hours and more days. In addition the new owner could have a web site (there is currently not one), increase the retail items to increase the retail sales, add a wine bar for wine tasting (again there is not one), provide guided wine tours in Woodinville or even Eastern WA, and increase the delivery service. All of these new additions would greatly increase the sales and propel the business to the next level. The Seller must move out of State and is realistic about the sale of the business.Price includes inventories.
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 business occupies 1,600 square feet and has a retail area, office, storage, and bathroom. Could easily add a wine bar area. The base rent is $2,706 per month plus $82 NNN. The Lease runs till 12/16/2010 and has a 2 year option to extend the term. Landord will allow a $3,000 TI allowance and is flexible
Market Competition and Expansion:
There is no competition in the immediate area and this is the perfect neighborhood wine shop. Plus this business was voted the Best Wine Shop in Seattle by City Search.
The current owner has treated the business more like a hobby than a growing concern. His hours are only 3 PM - 7 PM (Wednesday - Friday) and 12 - 74 PM (Saturday) - it is obvious that the new owner could easily increase business by being open more hours and more days. In addition the new owner could have a web site (there is currently not one), increase the retail items to increase the retail sales, add a wine bar for wine tasting (again there is not one), provide guided wine tours in Woodinville or even Eastern WA, and increase the delivery service. All of these new additions would greatly increase the sales and propel the business to the next level.
Reason for Selling:
Seller is moving out of State
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.