NOT DISCLOSED, Ohio
| Asking Price |
$499,000 |
Year Established |
2008 |
|
| Annual Revenue |
$900,000 |
Reason for Selling |
Other business and geographic interests. |
|
| Annual P/L |
$0 |
Attention |
Bill White |
|
| Annual Cash Flow |
$261,000 |
Listing Number |
1012027 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
A charming yet sophisticated wine bar and café in an affluent area of Summit County, Ohio is available for purchase. With over fifteen years of operating history, this business has built a loyal and growing customer base, an excellent reputation, and outstanding guest reviews across multiple platforms. The concept is intimate, approachable, and expertly positioned, offering an extensively curated wine selection, a chef-crafted small plates menu, a full bar, and a vibrant events program.
A proprietary membership program representing nearly 30% of total annual revenue provides recurring, predictable monthly income that operates largely independent of daily bar and dining sales. Comprehensive operational manuals, a tenured staff, and established vendor relationships all transfer with the sale, and an experienced manager handles day-to-day operations.
This business is not eligible for lender financing, however the seller is willing to finance up to 50% of the purchase price for a qualified buyer. Ideal candidates are wine enthusiasts ready to step into a turnkey operation with meaningful upside.
Property Features and Assets:
<p>A 1,980 sq. ft. retail/bar space in a high end commercial plaza. Recent renovations have been made. The current lease with options runs through 2032 with reasonable rent escalators. Currently paying $3,995 per month.<br></p><p>Assets = $47,000</p>
Market Competition and Expansion:
<p>Room for growth by opening on Mondays, continued special events, and increased Wine Club membership. <br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity