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Fairfax Area Wine Store w/Onsite Tastings & Cafe - Food Not Required!

Los Angeles, CA (Los Angeles County)

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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $360,000

EBITDA: N/A

FF&E: $20,000

Inventory: $10,000*

Rent: $6,976 /Month

Established: N/A

*not included in asking price.

Fairfax Area Wine Store w/Onsite Tastings & Cafe - Food Not Required!

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Business Description

The quaint Fairfax / Beverly Center area wine store and cafe boasts a fantastic selection of wine and complements their offerings with onsite tastings and providing patrons a fine cafe menu for onsite or take-away dining. As the venue is not a bona-fide restaurant it does not have a hood or kitchen. As it migrated from a retail-driven concept to a food driven one food service is not required but it’s a solid customer draw and revenue generator! The gourmet shop’s menu complements its wine selection.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,146
Lease Expiration:
N/A
Employees:
6pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 1,146 square foot combination retail and cafe venue leases for $5,800 per month plus $1,176 in triple net expenses. The lease's term expires in 1/2024 with one 5 year option. All of the business's furniture, fixtures, equipment, goodwill and Type 42 Beer & Wine license will be included in the sale. Approximately $10,000 in wine inventory will be sold at cost at close. The unit has 2 rest rooms and a manager's office.
Competition:
While competition exists in the retail craft beer and wine segment of the market, and also abounds in the light fare that is prepared for patrons, this venue uniquely combines the two to create a more thorough customer experience. As such, its stands out amongst others in an area that has a number of dining and shopping choices.
Growth & Expansion:
While competition exists in the retail craft beer and wine segment of the market, and also abounds in the light fare that is prepared for patrons, this venue uniquely combines the two to create a more thorough customer experience. As such, its stands out amongst others in an area that has a number of dining and shopping choices. New operators will likely want to capitalize on the foundation that has been built, but enhance it by bolstering the business’s retail, catering and gift basket components. The venue caters to both food and wine epicureans as well as neighborhood patrons looking for a quick quality bite, but one need not be a connoisseur of the finer things to appreciate the items on offer. The store could promote its established gourmet food and wine market position via the addition of complementary higher-end retail items such as pastas, cheeses, charcuterie, truffles, caviar, and gourmet chocolates, olive oils, vinegars as well as unique imports. Benefits may also be achieved from website improvements that promote the retail selection or food options may be expanded with the addition of an electric hood. The venue has fantastic panini style sandwiches but they are not heavily promoted in the area.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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