Highly profitable fine wine, beer and liquor store in business for over 50 years in this very wealthy and sophisticated northwest Washington DC neighborhood. Known for having one of the best selections in the metro area, with over 1,000 varieties of beer alone! Over $2 million of annual sales and more than $400,000 of discretionary earnings! Over nine years remaining on lease at a great rate, with two five year extensions. Retail space is 2,500 square feet with an additional 4,000 square feet of basement storage area. Facing high-traffic avenue with dedicated off-street parking in rear. Please contact Erik Woodworth for more information.
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Property Features and Assets:
In business over 50 years.
Market Competition and Expansion:
A new owner-manager with a true passion for and expertise in fine wines, craft beers and artisanal liquors could do wonders with this already highly-profitable store. More tastings and direct marketing, including online, should drive sales up nicely. There is also an opportunity to update the décor and presentation.
Reason for Selling:
- 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.