Wine & Spirits Store & Tasting Bar

Contact Seller
Opportunity to add Internet Sales
Asking Price:
$125,000

Gross Revenue:
$492,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$60,000
not included in asking price

FF&E:
$35,000
included in asking price

Share this business:

Business Description

Asset sale. This is a great opportunity to purchase a fully built out and well-established business. Wine, spirits, and tasting bar retail shop, with strong relationships with wineries and distributors, access to allocations of highly coveted wines and availability of premium and rare boutique offerings. Situated in a growing area serving an extensive local, regional and national customer base. The primary focus has been building the Internet infrastructure; therefore, a significant opportunity exists to cultivate in-store activity by utilizing the tasting bar, adding a more extensive selection of wine and spirits.

Optionally in the right circumstances, we can offer ABC Type: 9,17,12,18 - Import and Wholesale Beer, Wine & Spirit.

About the Business

Year Established:
2002
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
3,378
Lease Rate/Sq. Ft./Mo.:
$1.18
Lease Expiration:
8/31/2022
Facilities:
Attached Industrial building (built in 2002) with frontage on a heavily trafficked major thoroughfare with ample reserved parking. The facility is a temperature and humidity controlled insulated industrial warehouse of 3378 sq ft with 20 ft high ceiling. Fixtures include 285 linear feet of wired pallet racks and additional floor wine racks for 11,000 bottles. Wine Tasting Bar, Large Database of the product, history, customers, and activity.

ABC Licenses: Type: 21 & 42
Website:
www.winesxp.com
Market Outlook/
Competition:
2017 wine industry outlook reported by the Silicon Valley Bank’s Wine Division "premium wine sales will increase between 10 and 14 percent above 2016 levels." and "Wines sold between $12 and $25 will grow in demand as will high-end luxury wines with an established brand."

Millennials are beginning to have a significant share of the market; this segment is computer savvy purchasing lower-priced wines that tend to have better profit margins and availability.

Market outlook is good with 2018 being the 26th consecutive year of grown for US wine sales
Growth & Expansion:
Pros: Great opportunity to quickly increase sales by adding e-commerce, regular wine tasting events, broader selection, and increased store hours. Currently, open only 18 hours per week, Wed, Thurs. & Fri, 11 am-5 pm.

Cons: Mostly non-retail neighbors.
Contact the Seller

About the Sale

Reason For Selling:
Retiring
Training/Support:
Seller will train with all aspect of the operation and will provide support for an appropriate and seamless transition. Train in purchasing, fulfillment, POS, marketing, and advise on web-site design.
Seller Financing:
Seller financing may be available to the right buyer.

Listing Info

ID:
1374070
Ad Detail Views:
229

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
Tom De Grezia

 Show Phone Number

U.S. Census Data for San Bernardino County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for San Bernardino County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.
;