Asking Price: Not Disclosed Gross Revenue: $718,780Cash Flow: $177,765 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $150,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
This business has enjoyed $100,000 year over year growth with 2019 already exceeding expectations. The wine (spirits and beer) upscale bar has a relaxed easy atmosphere with a large wine club of over 2000 members. The high traffic location makes it a must stop for regulars in the area. High profile real estate developers are rapidly buying in this area, growth is only going to continue. The gross margins are very high due to the diversity of their sales coming from packaged goods, wine/spirit tastings,the bar/open poor and food, and private parties. The owners have a successful concept rapidly growing with more opportunity to grow based on the development of the area.
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
Number of Employees:
2 FT/5 PT
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.
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.
PROFITABLE -make money immediately/ Canton-WINE BAR
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