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Quick Facts
Asking Price: | $249,000 | |
Annual Revenue: | $445,475 | |
Net Profit: | $84 | |
Cash Flow: | $106,555 | |
Total Debt: | Not Disclosed | |
FF&E: | 75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | 3 | |
BBN Listing #: | 912153627 | |
Broker Reference #: | BVB161 |
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Business Overview:
This wine bar is local favorite with extensive wine offerings enjoyed in a refined atmosphere that also offers an easily prepared light menu. Periodic music and winemaker tastings along with local art keep patrons coming back. The combination of on and off premises liquor licenses facilitate significant retail sales. This is an excellent opportunity if you are knowledgeable and passionate about wine and enjoy sharing your passion with others.
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Property Features and Assets:
1,188 square feet of leased space plus outdoor seating accommodates up to 37 people indoors and 22 outdoors. The interior is modern and elegant with top quality materials and finishes. Parking is adequate.
Market Competition and Expansion:
No businesses in the local area offer the breadth of wine and the unique ambience this business offers. The business model drives attractive profit margins. Sales and profits continued uninterrupted through the pandemic as the owners effectively adjusted their offerings. Performance is reassuringly reliable. Expand hours and days open, expand liquor sales and/or increase marketing to grow the business. The business is currently open 29 hours per week.
Reason for Selling:
Retirement
Additional Details:
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