Established Wine Bar and Retail Business

Greensboro, NC (Guilford County)

Seller Financing Available
Established Wine Bar and Retail Business

Asking Price:$230,000

Cash Flow:N/A

Gross Revenue:$585,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$50

Established:2007

Established Wine Bar and Retail Business

Get Financing Save Print Share Valuation Report

Business Description

Well established clientele; located in high traffic, upscale area.

Franchise wine business with combination of on-premise and retail revenue streams. Customer base comprised of affluent clientele, many who are members of the established monthly wine and craft beer clubs offered by the location. Corporate arm of franchise retains Master Sommelier to assist in choosing monthly club wines, many which are private & exclusive labels. Location owner maintains autonomy in choosing non-club wine and beer selections. Location is consistently in the top 3-5 revenue producers within the franchise, with heavy emphasis on on-premise sales. Customers enjoy regular wine tastings, entertainment, and wine education classes. Products include wines from around the world, craft beers, wine and beer accessories, artisan cheeses, and small plate offerings. Staff of 6 has combined 18 years experience working at this location. Location was awarded Retailor of the Year in 2015 and 2016 runner-up for Best Wine Bar in Town. Benefits of ownership include profitable business opportunity, expanded knowledge of wine and wine culture, business and product knowledge support from corporate office, attendance at annual conference held in top wine producing regions, and established customer relationships.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
4/30/2018
Employees:
6
Facilities:
1,800 sq. ft., 10 yr. old corner suite with additional 1,600 sq. ft. outdoor patio located in upscale shopping area, assumable leased expiring April 2018. Physical assets include merchandise displays, dining tables, chairs, bar, & stools accommodating 100+, outdoor propane heaters, fire pit, & commercial equip. including 4 refrigerators, espresso machine, a food prep table, & sanitizing dishwasher. Includes extensive parking, $22K in product inventory, POS & audio systems, & an established reputation with repeat customer base including 130 club members.
Competition:
Location is well-positioned in trendy shopping area in close proximity to affluent residential neighborhoods and downtown area. Market contains several competitors, each having comparatively less capacity and parking, and operating under slightly different business models. The franchise concept promoting wine education, simplifying the buying experience, & providing a place for club members to socialize and enjoy wine has established a strong competitive advantage in the market. Live weekend entertainment represents a unique feature as well.
Growth & Expansion:
Franchise concept continues to evolve with the introduction of new profit centers including expanded on-premise dining menus, artisan chocolates & cheeses, coffees & teas, as well as off-premise catering, fundraisers, & wine tastings. Moving the business to an alternate location at the end of the lease period in 2018 would accommodate additional profit center expansion. Current owners are in the process of developing plans for possible relocation at that time to increase floor space and kitchen capacity to further improve profitability.
Financing:
Seller open to variety of financing options.
Support & Training:
30 days of in-shop training provided by owners on daily operation to include purchasing, inventory, POS system, specialty coffees, wine and beer sales, as well as familiarization with customer base. Additional week of training provided by the company owners at the corporate flagship shop concentrating on brand mission and core values, as well as operations and sales.
Reason for Selling:
Owners pursuing alternate career paths likely to include relocation.
Franchise:
This business is an established franchise
Business Website:
http://winestylesgreensboro.com

Listing Statistics for Premium Members

Ad#:1299655 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Business Listed By:
Marie Keller

Find out more...

Get more details about this business.


Similar Listings


Bennigan's Grill & Tavern

Franchise Opportunity
Capital Required: $1,200,000