High growth/ Canton-WINE BAR-profitable

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Wine Bar/Liquor Store in a lucrative location! GREAT OPPORTUNITY!
Asking Price:
 Not Disclosed

Gross Revenue:
$718,780
Cash Flow:
$177,765
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$150,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This business has enjoyed year over year growth with continued opportunity to grow. This wine (spirits and beer) upscale bar has a relaxed easy atmosphere and is a great place to socialize with friends. Consider this wine bar a cousin to the Starbucks concept, but with wine, beer and spirits. Situated in a very desirable and high traffic location. It’s also a great place to pick up snacks - with an emphasis on local sources - artisan cheeses and meats. Located in a high profile area with high profile exposure. Real Estate developers are rapidly buying in this area.

On average the wine bar/packaged goods business carries $100K-$150K of inventory (at cost). Inventory is not included in the list price. Owner's expect to negotiate inventory sale at the time of the business sale.

About the Business

Year Established:
1995
Number of Employees:
2 FT/5 PT
Facilities:
Facility is 2600 sq ft in size. Rent is $7035 per month. Located in a highly desirable, safe area with high end stores, restaurants and further planned gentrification.
Website:
chesapeakewine.com/
Market Outlook/
Competition:
This wine bar is one of only two in the area that meshes a relaxed atmosphere in an elegant setting with the ability to purchase from a large wine selection. New, popular and growing business concept.
Growth & Expansion:
This wine bar has great momentum and is experiencing 16% year over year growth. Momentum will likely increase as the area is growing, a development target for top real estate investors and has a big millennial/professional clientele.
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About the Sale

Reason For Selling:
The owners are retiring.
Training/Support:
Will train for 4 weeks @ $0 cost.
Located in Baltimore with a BD7 liquor license. This wine bar offers wine, beer and spirits, lite fare and other products/retail for sale.

Listing Info

ID:
1547192
Ad Detail Views:
810

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Business Listed by

Michele Pouliot

Murphy Business Brokerage in Maryland

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Source: Decennial Census (2010), United States Census Bureau.

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