Extremely Popular Boutique Wine Lounge & Kitchen
Not Disclosed, FL Palm Beach County
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- RE: Extremely Popular Boutique Wine Lounge & Kitchen
- Contact: Alan Pattee
Quick Facts
| Asking Price: | $220,000 | |
| Annual Revenue: | $484,603 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $212,504 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $140,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 8 | |
| BBN Listing #: | 4145630 | |
| Broker Reference #: | 6401235154 |
Business Overview:
Extremely-popular and highly-visible Gallery, Wine Bar and Lounge with strong social media base and recognition in New York, Miami, and Palm Beach. Located in an elevated art gallery and wine bar hybrid setting, created by an international designer who has completed numerous projects in New York City, Palm Beach, and The Hamptons. An Instagram-worthy experience featuring globally-curated Art, Interior Decorations and Furnishings, and a lush tropical garden, allowing for a variety of seating experiences, all in a sophisticated, comfortable atmosphere. Entire Gallery inventory and furnishings included, plus owner buildout improvement investment of over $700000, designed using only the finest materials, including limestone floors, French plaster walls, and solid brass fixtures, as well as completely-custom features including a state-of-the-art visual digital media installation projecting on a custom 22-foot stone counter with seating for 10. Handsomely appointed wine library, French galley coffee station, and bespoke designer washrooms. Sommelier-curated world class wines, perfectly paired each day in a boutique kitchen, by top level chefs creating popular international small plates along with signature cheese and charcuterie. Owner is a renowned artist and designer who has created an atmosphere guests have been enjoying and gathering in for over 3 years, earning a top 10 review
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Property Features and Assets:
Lease/Month: $7,600; Square Footage: 3,200; Building Type: Strip; Terms & Options: 1 REN @ 6YR Expiration Date: 12/31/2024Extremely-popular and highly-visible Gallery, Wine Bar and Lounge with strong social media base and recognition in New York, Miami, and Palm Beach. Located in an elevated art gallery and wine bar hybrid setting, created by an international designer who has completed numerous projects in New York City, Palm Beach, and The Hamptons. An Instagram-worthy experience featuring globally-curated Art, Interior Decorations and Furnishings, and a lush tropical garden, allowing for a variety of seating experiences, all in a sophisticated, comfortable atmosphere. Entire Gallery inventory and furnishings included, plus owner buildout improvement investment of over $700000, designed using only the finest materials, including limestone floors, French plaster walls, and solid brass fixtures, as well as completely-custom features including a state-of-the-art visual digital media installation projecting on a custom 22-foot stone counter with seating for 10.
Market Competition and Expansion:
Miles: 50 Years: 2
Reason for Selling:
Other interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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