Listing DetailsOffice ID: WINE1
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $275,000
Gross Revenue: $875,100
Cash Flow: $76,400
Inventory Included: Yes
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Note that asking price includes $100,000 of inventory which may fluctuate due to seasonal stocking levels. Selling price will be negotiated then actual physical inventory will be conducted concurrent with closing to determine inventory value at cost then added to transaction price.
Reason for Sale:Retirement
Training:Seller will provide adequate training/transition support to new owners.
OperationsYear Established: 1987
Last Acquired: 2007
Form of Ownership: S Corp
Employees (full-time): 2
Business Hours: Mon 10-6 / Tues-Fri 10-7 Sat 10-6
Business Description:Business retails beer, wine, and related accessories and products carrying 1700 wines in stock, 400 of which under the popular $10 price point. Business also offers products online via thier website.
Historical Summary:The business has a 20 year track record of steady profits. Located in the same center the entire time the business has brand recognition and is frequented by regulars and visitors to the center on a daily basis.
Owner Qualifications:Owner must have basic understanding of business ownership including marketing, accounting, customer service, and posess or be willing to acquire understanding of the history, manufacture, and unique tastes of wine, beer, and other products from around the world.
Competition:Big Box retailers had a negative impact on sales in 2004 and 2005. 2006, 2007 and 2008 sales have rebounded as clients have returned and area neighborhoods continue to grow.
Potential Growth:This business has a strong sales history and loyal customer base. New owners may incrementally fuel growth by holding additional events, increasing marketing, adding a tasting bar or introducing new promotions. Additional hours could be added. New owners have opportunity to significantly increase online sales.
LocationOption: Year to Year
Monthly Rent: $4,900
Square Footage: 3000
Popular strip center on major road with substantial anchor tenants. Low turnover and high occupancy. Potential for expansion in current bay.
Last Updated: Feb 25, 2015 / 11:39 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM