Neighborhood Wine Bar Restaurant

Tallahassee, FL
Leon County

Northeast Tallahassee

Asking Price: Annual Revenue:
$495,000 $1,468,825

Food & Beverage: Bars, Clubs, Nightspots

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RE: Neighborhood Wine Bar Restaurant Broker: John Kraft

Quick Facts

Asking Price: $495,000
Annual Revenue: $1,468,825
Net Profit: Not Disclosed
Cash Flow: $204,512
Total Debt: Not Disclosed
FF&E: $150,517
Real Estate: Not Disclosed
Year Established: 2017
Employees: 31
BBN Listing #: 67924955
Broker Reference #: 1017-16968

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Business Overview:

A Tallahassee neighborhood Craft Beer, Specialty Wine and Elevated Pub Food Restaurant For Sale. Solid business with a large customer base. Classic turnkey deal ready for a new owner to walk in. Seller has built a wonderful reputation and has established a “Cheers” like atmosphere where everyone knows your name.

The restaurant first opened in the beginning of 2017 with a goal to create an atmosphere similar to the owner’s home where people would immediately feel welcome as they walked in the front door. This was accomplished by training the staff to an “old school” culture. Each customer is a guest and is treated as such. Made sure to feel the warm hospitality from the moment they are greeted at the front door until they are thanked and said goodbye to as they walk outside the restaurant. This cozy culture is evident as the décor was designed for warmth: subtle colors, wine racks, stack stone behind the bar, and a granite bar instead of wood. This was designed so people felt they were sitting at their kitchen counter or looking at the stack stone on a fireplace wall: "The comfort of being home but still enjoying a night out." The select food dishes are high quality comfort food consistent with the entire ambiance. This culture has been very well received and positive reviews about the ambiance is frequently commented in social media.

The business continued to thrive achieving 3 years of consistent net sales growth until the challenges of Covid. The loyal customer base helped the business through that difficult year by ordering take-out food repeatedly through the weeks and bought numerous gift cards. In 2021 sales climbed and ended in a record net sales year! The substantial increase in sales felt in 2021 is continuing even stronger in 2022!

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Property Features and Assets:

The restaurant is located in Tallahassee and occupies 2,373 square feet with additional outside seating. Seating capacity is 99. The building consists of a commercial kitchen, office, indoor dining area, outdoor dining area, large bar, storage area above walk-in cooler and 2 restrooms. There are 9 security cameras wired and installed with direct monitoring to office and remote access. Building is hard wired for Point-of-Sale printers in kitchen and dining area. 5 Sonos speakers in dining area. The restaurant is under lease until November 2023. On the rear of the building there is a secure fenced outdoor storage for empty kegs and equipment as well as a rear entrance for deliveries. Ample front door parking for employees and customers. There is also a nearby storage unit under lease for overflow inventory and other company items, thus reducing clutter in the bar area. Assets = $525,367

Market Competition and Expansion:

This business sets itself apart from the other pub restaurants by having a distinctively different menu and not "typical bar food." Quality is the key, and customer service is elevated to a bistro pub atmosphere. There is no local competition in beer and wine. The restaurant carries more tap beer than any other local restaurant. The company prides itself in carrying the "unexpected," and customers love it! The friendly staff is hired on personality, not on restaurant experience and then trained to the company’s expectations. The staff is cross trained in as many positions as possible which creates a team atmosphere. This sets the restaurant apart. This business has earned an extremely favorable average rating of 4.7 based on 718 customer reviews. This is very important. The owners personally respond/answer all reviews from which collects all cyber reviews from Facebook, Yelp, TripAdvisor and other domains all in one place thus creating one highly significant composite rating. In short, their average ranking of 4.7 out of a possible 5 stars is further testimony to the popularity and positive brand image their business has established and maintains. There are several avenues for potential growth, most notably the substantial and sustained residential and commercial business development growth in the vicinity of the immediate area of this business. Other points for growth potential include increasing lunch business, reopening on Mondays, increasing number of wine dinners, initiating a happy hour, and 3rd party delivery and/or catering.

Reason for Selling:

Seller retiring.

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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