Wine & Spirits Store & Tasting Bar
Opportunity to add Internet Sales
not included in asking price
included in asking price
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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
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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
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.
About the Sale
- Reason For Selling:
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.
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