PROFITABLE -make money immediately/ Canton-WINE BAR

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GREAT OPPORTUNITY -HIGH Gross Margins!
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 $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

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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U.S. Census Data for Anne Arundel, Baltimore and Baltimore city Counties, MD
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