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Wine Store & Bar
Listing DetailsStatus: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $199,000
Cash Flow: $69,000
Inventory: $18,000
Inventory Included: Yes
FF&E: $139,000
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:
Owner will provide some financing for a qualified buyer
Reason for Sale:
Owner has been asked to join the family business on the west coast.
Training:
Owner will provide up to 20 regular workdays of training and transition support
OperationsYear Established: 2008
Last Acquired: 2011
Employees (full-time): 4
Business Hours: Tue 4p-9p, Wed Thr 11a-9p, Fri Sat 11a-11p, Sun 1p-6p
Summary
Business Description:
This wine franchise is unique because it combines bottle and case sales with by the glass sales which turns the store into a destination wine bar for the evenings.
Historical Summary:
Since opening in mid-2008, this store has consistently been one of the Top Five stores in the franchise. In 2010, just its second full year of operation, over 10,000 customers visited the facility. Sales and units sold have consistently increased from the day the doors were opened!
Owner Qualifications:
Retail, sales and customer service backgrounds combined with some financial acumen will serve a new owner well. Training and support are provided by the franchisor with payment of a franchise transfer fee and the seller will also provide a specified amount of on-site training and transition support.
Competition:
While the truth is this shop / bar is unique, one might consider the following as competitors:
Potential Growth:
Wine consumption in the United States has grown tremendously over the last decade. In fact the US has just surpassed France as the biggest consumer of wine in the world. Of the total adult US population, 25.4 million are core wine consumers (up from 19.2 million in 2001). Of this total, 15% drink wine daily, 48% drink wine a few times per week and 37% drink wine weekly. Marginal wine drinkers account for another 28.2 million wine consumers and 50% drink wine at least 2-3 times per month. Core wine consumers are primarily female (60%) and between the ages of 40-59. Marginal wine consumers are also primarily female (59%) and between the ages of 30-49. A majority of both groups prefer wine to other alcoholic beverages. 25% of men now report drinking wine more than any other alcoholic beverage, up from 16% in 1992.
LocationMonthly Rent: $5,240
Square Footage: 1920
Facilities:
The 4 year old facility is a corner unit in an upscale shopping center containing 1,420 square feet. Additionally, there is an outdoor, covered patio seating area which adds approximately 500 square feet complete with tables, chairs and heat. Combined, the space is an ideal location for this type of business with visibility from a major street and within walking distance of all the major restaurants within the center. Convenient store front parking is also available in ample supply.
Last Updated: Nov 13, 2015 / 3:20 PM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM