Business For Sale

Fairfax Area Wine Store w/Onsite Tastings & Cafe!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$65,000 $508,022

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fairfax Area Wine Store w/Onsite Tastings & Cafe! Broker: Ryan Clark

Quick Facts

Asking Price: $65,000
Annual Revenue: $508,022
Net Profit: Not Disclosed
Cash Flow: $52,380
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 6
BBN Listing #: 63994929
Broker Reference #: Sack

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Business Overview:

The quaint Fairfax / Beverly Center area wine store and cafe boasts a fantastic selection of wine and complements their offerings with onsite tastings and providing patrons a fine cafe menu for onsite or take-away dining. As the venue is not a bona-fide restaurant it does not have a hood or kitchen. As it migrated from a retail-driven concept to a food driven one food service is not required but it’s a solid customer draw and revenue generator! The gourmet shop’s menu complements its wine selection.

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Property Features and Assets:

The 1,146 square foot combination retail and cafe venue leases for $5,800 per month plus $1,176 in triple net expenses. The lease’s term expires in 2020 with one 5 year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 42 Beer & Wine license will be included in the sale. Approximately $10,000 in wine inventory will be sold at cost at close. The unit has 2 rest rooms and a manager’s office.

Market Competition and Expansion:

While competition exists in the retail craft beer and wine segment of the market, and also abounds in the light fare that is prepared for patrons, this venue uniquely combines the two to create a more thorough customer experience. As such, its stands out amongst others in an area that has a number of dining and shopping choices. New operators will likely want to capitalize on the foundation that has been built, but enhance it by bolstering the business’s retail, catering and gift basket components. The venue caters to both food and wine epicureans as well as neighborhood patrons looking for a quick quality bite, but one need not be a connoisseur of the finer things to appreciate the items on offer. The store could promote its established gourmet food and wine market position via the addition of complementary higher-end retail items such as pastas, cheeses, charcuterie, truffles, caviar, and gourmet chocolates, olive oils, vinegars as well as unique imports. Benefits may also be achieved from website improvements that promote the retail selection or food options may be expanded with the addition of an electric hood. The venue has fantastic panini style sandwiches but they are not heavily promoted in the area.

Reason for Selling:

Personal

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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