2 Gourmet & Tasting Rooms

Not Disclosed, GA

Asking Price: Annual Revenue:
$230,000 $391,942

Retail: Non-classifiable

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RE: 2 Gourmet & Tasting Rooms Broker: Anthony Samples

Quick Facts

Asking Price: $230,000
Annual Revenue: $391,942
Net Profit: Not Disclosed
Cash Flow: $64,777
Total Debt: Not Disclosed
FF&E: $36,766
Real Estate: Not Disclosed
Year Established: 2012
Employees: 8
BBN Listing #: 21454955
Broker Reference #: 1106-15239

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Business Overview:

A set of 2 Gourmet Retail Stores & Tasting Rooms Specializing in Ultra Premium Olive Oil and Aged Balsamic. This is a very successful business which opened in 2012 and now consists of 2 retail stores in North Georgia. These are prime locations strategically located in one of the most visited tourist areas in the State of Georgia. The growth potential for these existing stores as well as the opportunity to add additional locations is exciting.

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Property Features and Assets:

Both stores are located in prime locations in the top tourist towns in North Georgia. Both are also Located in very busy retail areas with huge foot traffic. Assets=$57,392

Market Competition and Expansion:

The primary customers are tourists but the businesses do have some local repeat customers. The business markets through Social Media on Facebook, Yelp, Trip Advisor and Google My Business. There are 3 other similar retail stores in North Georgia, but none are close to these locations. These businesses differentiate themselves through very attentive customer service. While their prices may be similar to the few competitors, their customer service is outstanding. This business has tremendous potential for growth. Sales for the 1st half of this year are up 24%. This is with the owners only involved on a limited basis. This business has many opportunities to grow sales and profits. Expanding the online business. The business is only doing 4% of the total through online orders currently. Since the businesses are located in resort areas, the main opportunity to get repeat business from customers is to collect emails and phone numbers which allows marketing to those customers for follow up or repeat orders. Local Restaurants- Working with local restaurants to promote the products by incorporating them into the menu selections. Festivals- Participating in local festivals and events by having a booth to sell items as well as handing out marketing materials. Private Parties- Scheduling events after hours at the store for local groups.

Reason for Selling:

The owner's relocated out of state.

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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