Modern Wine Lounge

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Asking Price:
$99,000

Gross Revenue:
$190,000
Cash Flow:
$45,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

REDUCED TO $99,000!

Cash in on 'Wine Tour Central' Location at Outrageously Low Rent!

Contemporary, California-casual wine bar in the heart of wine country.

Like new, very clean, modern interior.

The sophisticated decor is easily tweaked to suit the buyer's personal style.

Dial the ambiance by changing lighting colors to add excitement and intrigue.

A favorite of locals and tourists alike who come to sample a choice selection of wines and beers while enjoying live music nights.

The owner focuses on showcasing Central Coast wines, local sparkling wines, French champagnes and also a variety of California microbrews and Belgian beers on tap.

Total Monthly Rent | $2,000 per month only $1.33 per sq. ft. and no NNN!
($3 is market rate!)
Owner/Operator Nets | $45,000 annually
Annual Gross Sales | $190,000
Square Footage| 1,500 sq. ft. (including 500 sq. ft. upstairs attractive office and storage area could serve a 2nd business)
Lease | Ends 2021 with 3 year option
Lease Assumable
FF&E | $24,000 - Like New!
Parking | In back 1 car & public parking lots!
Year Established | 2013
Reason For Selling | Seller has become a winemaker!

License | ABC Type #42; sell by the glass, bottle, and case One of only 4 bar licenses in Solvang that allow bar sales & tastings

About the Business

Location:
Solvang, California

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About the Sale

Reason For Selling:
Seller has become a winemaker!

Listing Info

ID:
1634699
Ad Detail Views:
174

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Business Listed by

Sharon Hills

Santa Barbara Business Brokers
License# 00812736

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