This wine bar is located in one of the City's most sought after walking neighborhoods, with lots of pedestrian and motorist traffic. The compact, efficient operation features an attractive, hip interior that bustles with activity, and the business generates very brisk sales for its modest sq. ft. Bench and table seating allows customers to gaze to the outside street activity, and be entertained with the behind counter, small plate food prep. activity. Stylish lighting, hardwood floors, in a cozy, intimate space describe the ambience. There's an impressive amount of on-site wine storage in handsome display racks and temp controlled wine coolers visible to the customers. The rear prep and service counter area features a semi- exhibition food prep area, with induction burners, leased cooker / holding unit, slicer, open top prep table refrigeration, 3-compartment, prep and hands sinks, and storage. The cash flow reflects the owner working hands on about 50 hrs/ per week. Wait staff and a 50 hrs/wk sous chef are employed in the day to day operation. The most obvious attraction for potential buyers would be a front and back of house partnership team looking to take over this established, well oiled wine bar operation. Expanding to 7 days and include a lunch hour business will take the sales and profit upward; as they will certainly increase accordingly. This is a fantastic business model looking for a new ownership taking it to the next level!

General Info

  • OrganizationContact For Info
  • Established2013
  • Current Owner2013
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating30 inside, 10 outside
  • Square Feet575
  • ParkingStreet
  • LicensesBusiness, Health, ABC Type 41 License
  • Open Hours6 Days 4p-11p

Lease

  • Rent$5,500
  • ExpirationNov. 2022
  • Yearly IncreaseFixed yrs. 1 & 2, 5% yrs. 3-5
  • OptionNegotiable
  • Deposit$9,300

Financials

  • Monthly Revenue$50,000
  • Monthly Cash Flow$5,100
  • Annual Revenue$600,000
  • Annual Cash Flow$61,600
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location