Long Beach Wine Bar w/Attractive Rent & No Food Required!

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Asking Price:
$175,000

Gross Revenue:
$250,000
Cash Flow:
$70,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
not included in asking price

FF&E:
$10,000
included in asking price

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Business Description

This Long Beach wine bar with craft beers on tap and light food offerings (prepared without a hood), boasts a stellar location with a built-in client base, attractive rent and a beer and wine license that does not require food service and provides for off-site sales. The feel good concept is perfect for wine connoisseurs who love to socialize and enjoy their favorite wines, beers and snacks with the loyal neighborhood residents.

About the Business

Year Established:
2014
Number of Employees:
6pt
Real Estate:
Leased
Building Sq. Ft.:
700
Lease Amount/Mo.:
$1,506.00
Facilities:
This 700 square foot facility with an outdoor patio leases for $1,506 per month on a lease that expires in 2019 with an option to renew and additional options to be negotiated in the sale. All of the business’s furniture, fixtures, equipment, goodwill, Type 42 Beer and Wine license and Type 77 Event license will included in the sale. Approximately $2,000 in inventory will be sold at cost at close.
Market Outlook/
Competition:
While competition in the wine, sandwich and charcuterie segment certainly exist, this delightful venue checks all of the boxes in terms of offering customers a convivial environment to enjoy fine wine, craft beer and light snacks in, convenient parking and a built-in customer base that is geographically protected from major competition.
Growth & Expansion:
New owners will likely wish to continue to operate the business in much of the same vein that current management successfully has. Naturally they will likely wish to introduce their favorite wines and beers to the craft beer offering and modify the food menu accordingly however no major modification may be deemed necessary. The business could benefit from a full-time working owner operator who could not only help insure top customer service, but who could also help save on staffing expenses.
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About the Sale

Reason For Selling:
Personal
Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1480007
Ad Detail Views:
660

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