Owner Financing is Available!
Business Overview:
This wine franchise is unique because it combines bottle and case sales with by the glass sales which turns the store into a destination wine bar for the evenings. Over 75 approved vendors work with this wine boutique and bar to provide a wide selection of merchandise at very affordable pricing. Another very significant product is the Wine Club which customers may join and receive numerous tangible benefits for a nominal fee each month. The Wine Club is the perfect up sell for loyal, wine-loving customers as it provides a known positive cash flow each month while still offering a significant value to the current list of 300+ members!
This wine boutique and bar also has a very strong on-premise wine business. The location is more of a wine retail store by day and a wine bar in the evenings. Weekly wine tastings draw an average of 75 customers per tasting. In addition, this wine boutique and bar features live music on both Friday and Saturday nights. These evening events have a strong customer following and keep this location top of mind in the area as the place to go to drink and purchase wine. Since opening in mid-2008, this store has consistently been one of the Top Five stores in the franchise. In 2010, just its second full year of operation, over 10,000 customers visited the facility. Sales and units sold have consistently increased from the day the doors were opened! Products are also sold via a website.
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 3 year old facility is a corner unit in an upscale shopping center containing 1,420 square feet. Additionally, there is an outdoor, covered patio seating area which adds approximately 500 square feet complete with tables, chairs and heat. Combined, the space is an ideal location for this type of business with visibility from a major street and within walking distance of all the major restaurants within the center. Convenient store front parking is also available in ample supply.
Market Competition and Expansion:
While the truth is this shop / bar is unique, one might consider the following as competitors:
Grocery stores offering a wide variety of wines with varying degrees of quality, taste and value.
Mass retailers and discount wine stores inventorying an unending number of selections with varying degrees of wine expertise and customer service.
Wine stores dedicated to the connoisseur and perceived to be too complicated, snobby and expensive.
Most of these retail wine competitors are stocked with overwhelming choices, are disorganized and inconsistent. They lack customer service, in-depth product knowledge and they do not offer the complete, desirable wine experience.
Reason for Selling:
Moving
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 a franchise resale opportunity.
Resources: