Established Thriving Wine Bar & Bistro

Ada, OK
Pontotoc County

Downtown/Campus


Asking Price: Annual Revenue:
$250,000 $375,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Established Thriving Wine Bar & Bistro Broker: Seller of Business

Quick Facts

Asking Price: $250,000
Annual Revenue: $375,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 6
BBN Listing #: 957857029
Broker Reference #: Not Disclosed

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Business Overview:

Since 2009, this business has been a driving force in the Ada community. Branded as a more upscale bar than all other venues in town, this business has received awards every year for Best Bar, Best Nightlife, and Best Cocktails since opening. In addition, it has also won awards on the Oklahoma state level for Business of the Year and Best Interior Design. Offerings include, a large variety of craft beer, wine and unique liquors; as well as, a smaller, but very appetizing food menu. The staff is impeccable and many have been employed for several years and some even since opening in 2009. This listing is for the business and all FF&E only, real estate can be included at an additional price of $550,000. The business is currently operational and new owners will be able to step right in and take over after all applicable licensees are transferred. All prices are negotiable.

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Property Features and Assets:

The business is located in a historic two-story brick/stucco building. Built in 1922, the downstairs square footage is 1,750 and includes the main bar, kitchen, restrooms, and storage. The upstairs loft space is perfect for private events or additional seating at around 1,000 square feet, and also includes a storage room and an office. One of the best features is the large outdoor patio off the back of the building. The patio has a gas fireplace, an area for live music, outdoor games, and some green space. In 2008, the entire building was updated and remodeled to include all new plumbing, electrical, roof, flooring, etc. but still retains the historic look.

Market Competition and Expansion:

The uniqueness of this business is the niche market of the Ada community that the owners were able to tap into. There are not any competing business with the same clientele, image, and offerings. This business has been a staple to the area and is very well-known, with that said, not much is spent in advertising due to the reputation and recommendations from the community. Future expansions to surrounding towns have been discussed and definitely have potentional.

Reason for Selling:

Moving

Additional Details:

  • The property is owned.
  • 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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