Wine Bar with Extremely High Gross Margins
Located in a resort town in the stunning mountains of central Colorado, this family-owned wine bar and restaurant offers specialty wines and craft beers paired with in-house menu creations and boasts 70% to 80% gross margins. Known locally for its wine list and eclectic menu, the restaurant provides a fun, whimsical atmosphere that encourages customers to stay and enjoy selections from its wine list, custom cocktails, and seasonal menu. Income is generated through sales of wine, beer, cocktails, and menu items, with many items or elements made from scratch in-house. The business is also pre-approved with SBA financing with 20% down.This is a turnkey operation that has an established operations manual, dedicated local customers, and a reputation in the region for being open to showcasing craft beers and unique wines so they get access to new products. They have created an environment that entices families and couples to come in for a fun experience that includes good food and drinks for the whole family. Affluent locals make up 35% of the loyal customer base, returning on a regular basis to sample new wine and beer offerings and explore the changing menu. The tourist trade provides 65% of the clientele throughout the year. There is little seasonality, with people flocking to the area from late April through October and then families and skiers coming through town on their way to the slopes in the winter. The business runs smoothly with 8 FT and 7 PT employees. The key employees include the chef, who is instrumental in creating the changing menu. It is in a high-traffic location with lots of people walking past. Located near the international tourist attractions of Pikes Peak, the Garden of the Gods, and Cave of the Winds, the town pulls in tourists from around the U.S. and internationally.Growth could be achieved by establishing a returning customer program, increasing advertising, increasing the takeout options, and adding gift certificates and merchandise as items for sale. There is limited competition in the area. The ideal buyer will have a background in the wine and beverage industry or at least some knowledge of the industry language and an interest in working closely with local wine and beer artisans and the public.This is an established business. This is not a new franchise or start-up opportunity. NEXT STEPS: If you’re interested in this business, please fill out the contact form, and we will email you an NDA to e-sign. Please look for an email with the subject 'Morgan & Westfield - Wine Bar with Extremely High Gross Margins”. You can access more information on this business after e-signing our NDA.