Rock'n Business in Popular Downtown Buford!

Asking Price$229,000

Cash Flow

EBITDA$35,000

Gross Revenue$300,000

Inventory$38,000
Included in asking price
FF&E$92,000
Included in asking price
Real EstateNot Disclosed

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Rock'n Business in Popular Downtown Buford!


Asking Price$229,000

Cash Flow

EBITDA$35,000

Gross Revenue$300,000

Inventory$38,000
Included in asking price
FF&E$92,000
Included in asking price
Real EstateNot Disclosed

Business Description
Stunning Wine Bar with Spectacular Upside to Monthly Sales/ Profit
HERE’S YOUR WINNER! LOCATED IN THE HEART OF THE FAMOUS AND VERY POPULAR “DOWNTOWN BUFORD,” a day & night entertainment hub to Gwinnett, operates “Cork It Buford,” a curated, custom designed Wine Bar & Charcuterie. It is positioned right along the restaurant & entertainment strip. No franchise fees, this private-label business has two other sister locations sold separately: “Cork It Braselton” and “Cork It Gainesville,” also located in their respective downtown hubs. And was masterly created by a former successful corporate CEO- whom is now seeking retirement- and selling… Cork It Buford is going on its 5th yr. Here are it’s financials: Approximately $20,000 to $30,000 in monthly sales (has a manager in place- so owner is “absentee”); 4 part time employees & a mgr; rent only $2,500 incl CAM with assumable lease for 1,700 sq ft of space; serves both wine + beer + light appetizers/ charcuterie. There is small, easily manageable kitchen where mouth-watering “finger foods” are quickly prepared. Yes, this is a lean, profitable, masterly-crafted business- with remarkable upside- can quickly do triple the monthly sales volume with an ambitious new operator willing to put the effort and time into marketing and cultivating what is already there in place! Owner will thoroughly train a new buyer/operator for a smooth handoff. This is an asset sale, and includes everything except wall artwork- generously including all wine & beer stock inventory valued at many thousands of dollars. So besides getting your licenses in place, this is most literally a turn-key purchase… Location is: 79 E. Main St NE | Buford, GA | 30518. Website: www.CorkItBuford.com and days/hours of operation are posted on Google under “Cork It Buford.” This top quality enterprise boasts 140+ 4.7 Google reviews. It is the real deal… Being private label means you have the freedom to expand your operations without restrictions or fees a franchise requires. No debt, business is 100% paid off. Question: Why work for someone else? You can literally purchase this business Monday- and be up and running Tuesday, providing a sustainable, recession-free operation that can yield a high income to last a lifetime. The opulent finish-grade, and quality build of this establishment is above average- it has a very upscale and elegant “vibe” that will make you appreciate it’s value and upside potential. BEFORE CALLING OUR OFFICE, plz first complete the Contact Form; we will email back to you a "Buyer Info Packet" to review- thereafter you may follow up with a call with questions... Cash only sale- no business loan buyers please (HELOCS- home equity loan buyers are OK). Confidential appt w/ business broker ONLY please for a personal tour of business (do not contact staff). Ask for Mike at Atlanta’s #1 business brokerage firm- which has been family run & serving local business owners & buyers for 33 years… Visit our website for all contact info. Thank you.
About the Business
Years in Operation
5
Employees
4 (1 Full-time, 3 Part-time)
Employees are on a rotating basis
Facilities & Assets
All assets remain with buyer at closing
Website
http://www.corkitbuford.com
Market Outlook / Competition
This business is located in an entertainment hub of Gwinnett County, and Buford and is a one-of-a-kind.
Opportunities for Growth
Tremendous upside to an owner/operator with ambitious ideas on marketing.
About the Sale
Seller Motivation
Retirement
Transition Support
21 days training; more if negotiated or needed.
Financing Options
No seller financing... Options: home equity loan; savings; retirement; cash; personal
Listing Info
ID
2510572
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Business Listed by: Michael Migliore Realty Gold Team

Listing ID: 2510572 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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