Established Wine Bar Great Location !!

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Asking Price:
$99,900

Gross Revenue:
$589,479
Cash Flow:
$70,633
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Just Went into Contract !!!

This Wine Bar was established in 1997 and has been operating successfully for 21 years the owners are now ready for retirement. The wine bar offers thousands of wine labels and beer from around the globe. It has evolved into a comfortable gathering spot to enjoy small plates paired with a taste, glass or bottle of your favorite beverage.

The wine bar offers an atmosphere to relax and enjoy a never-ending selection of fine wine and ales. Enjoy a taste, glass, bottle, or one of the dozen wine flights offered seasonally. Coolers are stocked with local micro-brews and some of the oldest ales distilled around the globe. Weekly tastings give their guests the opportunity to explore new wines and brews at their own pace. The wine bar offers great spaces for private gathering, gifts for the wine enthusiast, convenient retail carryout of all wine and beer with case discounts available.

It is located in a Hot Foodie area of Columbus with heavy traffic, both foot & Cars. The wine bar has seating for 113 customers and has a D-5 and D-6 (Beer, Wine, Spirits, with Sunday Sales) liquor license that is being sold with the business.

The Asking Price of the Business is $99,900 Plus Inventory which is Estimated to be $40,000.

About the Business

Location:
Columbus, Ohio
Year Established:
1997
Number of Employees:
1 FT 6 PT
Real Estate:
Leased
Building Sq. Ft.:
3,205
Rent:
$7,372.00 Per Month
Lease Expiration:
11/22/2022
Facilities:
Square Footage: 3,205
Lease Expiration Date: 11/22/2022 Occupancy: Inside 113
Options: None (Option can be obtained from the landlord prior to closing the sale transaction).
Current Monthly Base Rent: $5,070.02 Current Monthly CAM: $2,302.52 Current Monthly Gross Rent: $7,372.54
Rent Escalation: Annual CPI adjustments through lease termination.
Percentage Rent: 4% of all Sales for each year over the Natural Breakpoint. Present Break Point: $1,521,006 (Present Annual Base Rent $60,840 / .04 = $1,521,006).
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About the Sale

Reason For Selling:
Seller Retirement.
Training/Support:
Seller to provide training and support to insure a smooth transition to a new owner.
Seller Financing:
No seller financing.

Listing Info

ID:
1571395
Ad Detail Views:
36

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Business Listed by

Frank Nunziata

Jim Tharp Realty

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