Wine & Whisky Bar

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Wine Bar Restaurant
Asking Price:
$95,000

Gross Revenue:
$360,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Great 43 seat wine bar for sale in an affluent village.
Established by current owner in 2012.
Tons of upside - currently only open Tue-Sat from 4pm.
This is a turn key business and is ready to go - the principle managing partner is retiring and moving away, the other partner (chef) is willing to stay on and work for the new owner.
Mamaroneck has a large lunch clientele that is currently not tapped in to.
Sunday is also a busy day/night on the avenue with is also not tapped in to.
An 8 screen movie theater is about to open 300 yards away which will add enormously to business on the Ave.
Small plate/tapas menu from a roomy but simple electric kitchen that can be managed by one cook on a slow night and two cooks on busy nights. Plenty of room to expand the kitchen with a range/hood etc for a more extensive menu.
Chef is willing to stay on and work with the new owner.
Bar'Lees is a 'go to' live music venue in Westchester and bands currently perform at least 2 nights per week.
The main area is 1600 SF with a further 1000 SF basement for wine storage and office.
Six plus years left on the lease - landlord is great to work with. Currently paying $41SF rent including base taxes which is a great deal for Mamaroneck Ave, most spaces are $50+.
A 6000 bottle temperature controlled wine cellar is in the basement and currently adds extra income from storing wine for 7 collectors.
Restaurant Manager POS
Good quality Security and Audio System
Business nets owner managers 100K for very few hours.
Asking price is $95.000 plus inventory and security bond.

There is a 3 parts to the sale process.
1 The sale price of ??
2 The landlord holds our $17400 security bond, the new buyer will pay that amount to the seller on top of the sale price and then the 17.4K bond held by the landlord becomes the new owners asset.
3 The inventory - food and booze. You choose what you want to buy from

About the Business

Year Established:
2012
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,600
Rent:
$5,540.00 Per Month
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Listing Info

ID:
1449668
Ad Detail Views:
0

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Business Listed by
Colin Goundrey

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U.S. Census Data for Westchester County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Westchester County, NY
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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.


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