Popular Beer-Wine Bar !!Reduced for Quick Sale!!

Gaithersburg, MD
Montgomery County

Asking Price: Annual Revenue:
$250,000 $750,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Beer-Wine Bar !!Reduced for Quick Sale!! Broker: Moises a zuniga

Quick Facts

Asking Price: $250,000
Annual Revenue: $750,000
Net Profit: $130,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 6
BBN Listing #: 960318863
Broker Reference #: 1107

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Business Overview:

This wine Store/bar is located in one of the most sought after walking neighborhoods in Montgomery County, with lots of pedestrian and motorist traffic.

The compact, efficient operation features an attractive, hip interior that bustles with activity, and the business generates very brisk sales for its modest square feet. Bench and table seating allows customers to gaze to the outside street activity, and be entertained with the behind counter, small plate food prep. activity. Stylish lighting, in a cozy, intimate space describe the ambience. There's an impressive amount of on-site wine storage in handsome display racks and temp controlled wine coolers visible to the customers. The rear prep and service counter area features a food prep area,open top prep table refrigeration, 3-compartment, prep and hands sinks, and storage. The cash flow reflects the owner working hands on about 50 hours per week. Wait staff and a 50 hours/week in the day to day operation. The most obvious attraction for potential buyers would be a front and back of house partnership team looking to take over this established, well oiled wine bar operation. Expanding to 7 days and include a lunch hour business will take the sales and profit upward as they will certainly increase accordingly. This is a fantastic business model looking for a new ownership taking it to the next level!

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Property Features and Assets:

GENERAL INFORMATION: Organization: C-Corp | Year Established: 2010 | Current Owner: 2010 | Seating: 70 inside, 36 outside | Square Footage: 2,300 Parking: Street | Licenses Required: Business, Health, ABC, Class D Beer and Wine License | Days Open/Hours: 7 Days Mon-thu 11a-9p. Fri-Sat 10a-10p. Sun 12p-8p | Reason For Sale:Health Issues

Market Competition and Expansion:

FINANCIAL INFORMATION: Yearly Revenues: $700,000 | Yearly Cash Flow: $130,000 LEASE INFORMATION: Monthly Rent: $9,500 | Lease Expiration: Nov. 2030 | Yearly Adjustment: Fixed yrs. 1 & 2, 5% yrs. | Lease Option: Negotiable | Security Deposit: $10,000

Reason for Selling:

Health Issues.

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.

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