Asking Price: $65,000 Gross Revenue: $508,022Cash Flow: $52,380 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $20,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The quaint Fairfax / Beverly Center area wine store and cafe boasts a fantastic selection of wine and complements their offerings with onsite tastings and providing patrons a fine cafe menu for onsite or take-away dining. As the venue is not a bona-fide restaurant it does not have a hood or kitchen. As it migrated from a retail-driven concept to a food driven one food service is not required but it’s a solid customer draw and revenue generator! The gourmet shop’s menu complements its wine selection.
About the Business
Number of Employees:
Building Sq. Ft.:
The 1,146 square foot combination retail and cafe venue leases for $5,800 per month plus $1,176 in triple net expenses. The lease’s term expires in 2020 with one 5 year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 42 Beer & Wine license will be included in the sale. Approximately $10,000 in wine inventory will be sold at cost at close. The unit has 2 rest rooms and a manager’s office.
While competition exists in the retail craft beer and wine segment of the market, and also abounds in the light fare that is prepared for patrons, this venue uniquely combines the two to create a more thorough customer experience. As such, its stands out amongst others in an area that has a number of dining and shopping choices.
Growth & Expansion:
New operators will likely want to capitalize on the foundation that has been built, but enhance it by bolstering the business’s retail, catering and gift basket components. The venue caters to both food and wine epicureans as well as neighborhood patrons looking for a quick quality bite, but one need not be a connoisseur of the finer things to appreciate the items on offer. The store could promote its established gourmet food and wine market position via the addition of complementary higher-end retail items such as pastas, cheeses, charcuterie, truffles, caviar, and gourmet chocolates, olive oils, vinegars as well as unique imports. Benefits may also be achieved from website improvements that promote the retail selection or food options may be expanded with the addition of an electric hood. The venue has fantastic panini style sandwiches but they are not heavily promoted in the area.
Fairfax Area Wine Store w/Onsite Tastings & Cafe - Food Not Required!
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