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Oliver's Wine Bar for Sale in Historic Downtown Red Wing, Minnesota!

Red Wing, MN (Goodhue County)

We Sell Restaurants
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Asking Price: $195,000

Cash Flow: $64,460

Gross Revenue: $514,615

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,700 /Month

Established: 2015

Oliver's Wine Bar for Sale in Historic Downtown Red Wing, Minnesota!

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Business Description

Low rent!

With annual sales of over $500,000, you can purchase this Bar for Sale for $195,000!! Open only 24 hours a week, Tuesday through Saturday evenings, serving dinner with wine and beer. There is significant potential to increase revenue by adding a full bar and expanding hours to include lunch and brunch, and later evening. There are many opportunities for growth to pursue including events and parties in the private dining space, expanding the menu, catering, and hosting live performances.
This Bar for Sale has 5,000 square feet of restaurant space in a prime downtown Red Wing location. Oliver's is the perfect opportunity for someone looking to get into their own business. This complete turnkey operation is beautifully maintained, tastefully decorated, and fully equipped with everything you need to continue this successful operation for years to come.
We Sell Restaurants is proud to list this upscale wine bar for sale that includes a tastefully decorated front of the house. An oak-top bar extends the length of the building and is the perfect place to try a glass of wine from the extensive wine list or enjoy the newest regional craft beer. Seating capacity for up to 178 people inside and up to 30 on the outside patio. The interior consists of three separate spaces: a large bar area, a dining room, and a private dining area with seating for up to 50 people.
An attractive 3-year lease of $4,700 per month, plus CAM fees, is available when you purchase this upscale wine bar. The landlord will also provide two options to extend the lease. The landlord will work with the new owners to secure an apartment right above their new business, if needed.
Oliver's menu consists of appetizers, flatbreads, soups & salads, pastas and baked dishes. Oliver's Wine Bar currently is operating with only a Beer and Wine License, but adding a FULL liquor license would be the next step for increasing revenue in this already successful establishment. Expanding the hours to include lunch, Sunday brunch, and staying open later into the evening are other ways to increase the revenue. Oliver's has a long-term seasoned staff in place!
Live music draws a good crowd, as well as the private dining room, which is the perfect place to hold private, upscale events like groom's dinners with seating for up to 50 people. Tourism welcomes significant numbers of people each year, and the local community draws in thousands of people annually for street festivals. Oliver's Wine Bar is located in the middle of it all, right in the heart of this beautifully maintained historic downtown. This bar for sale is the perfect place for your next opportunity!

Detailed Information

Location:
Red Wing, MN
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2021
Employees:
14
Facilities:
Bar Host Desk High Top Black Walnut Butcher Block Tables Bases 7 Eagle Company Bar Stools 27 Wait Station Buffet Storage Back Bar Coolers Norlake Nlbb79G Back Bar Wine Cooler Perlick 1 Nitro Tank CO2 Tank Beer Cooler 4 Taps Norlake NLDD59 Tap Towers X2 Wine Cooler 4 Taps Perlick Tap Towers X2 Assorted Beer Glasses Glass Flutes White Wine Glassware Red Wine Glassware Wine Flight Glassware Water Glassware Silver Tone Wine Bucket 4 Patio Vino Plastic Glassware Patio Plastic Carafe Glassware Patio Stemless Flutes Glassware NSF Ice Bin Lid Rolling Dish Rack Blue Dishware Racks 4 NSF Dish Washer CMA UC65E 4 Compartment Sink Swing Faucet 2 Hand Sink Black Rubber Cushion Mats 3 Trash Cans BAR Cont d Host Station Small Reserved Table Sign Holder Large Reserved Table Sign Holder POS System 1 3 screens credit scanners 5 printers 1 Wood Plant Pedestal Metal Purse Hooks Dining Room Wait Station Sink Storage 1 4 Compartment Silverware holder with inserts Air Pots 4 Coffee Brewer Bunn O Matic Silverware Rack Coffee Cups Coffee Plates Small Glass Server Trays Large Glass Server Trays Mini Clip Boards Rectangle Garbage Can Food Tray Stand Large Oval Trays 25x24 Black Walnut Butcher Block Table Base 8 25x48 Black Walnut Butcher Block Table Base 4 25x60 Black Walnut Butcher Block Table Base 2 36x36 Black Walnut Butcher Block Table Base 3 Eagle Chair Company Dining Chairs Third Room 36x36 Black Walnut Butcher Block Tables Bases 3 36x72 Black Walnut Butcher Block Tables Bases 4 Grand Rapids Chair Company Dining Chairs 30 Server Station Hutch Booster Chair 3 High Chair 3 Rolling Coat Rack Patio Outdoor Dining 24 Square Teak Tables 48 Teak Tables Metal Chairs Moveable Planters Fencing KITCHEN 60 Prep Refrigerated Tables 3 Above Mounted Shelving 3 10 Burner Gas Stove Casters for Stove Gas Hose Convection Oven Gas Hose Casters Vulcan Warmer VHFA18 Norlake Fridge NLR23-S Soup Cooker 3 Soup Inserts 3 Stainless Prep Tables 3 Above Shelfs 2 DINNERWARE Square App Plates Small Rectangle Plates Large Rectangle Plates Large Pasta Bowls Soup Bowls Round Dinner Plates Small Square Olive Dishes Large Square Oliver Dishes Ramekin Dishes Family Style Bowls Family Style Spoons Dinner Forks Knives Steak Knives Spoons Soup Spoons Serving Spoons Salt and Pepper Small Salt and Pepper Large Tea Diffuser KITCHEN WARES Plastic Bottle Cap Rectangle Insert Square Insert Plastic Water Pitcher White Cutting Boards KITCHEN WARES Contd Yellow Cutting Board Brown Cutting Board Green Cutting Boards Low White Plastic Storage Bin White Plastic Storage Bin White Plastic Storage Lid Clear Plastic Storage Red Plastic Storage Lid Small Clay Round Dish Medium Clay Round Dish Large Clay Round Dish Metal Mixing Bowl Dessert Carry Storage Round Baking Pan Release Round Cake Pan 11 Quart Pan Lid Blue Flat Dish Tray 2 Blue Divided Dish Tray 4 Brown Glass Tray 1 Stainless Rolling Rack 1 4 Compartment Silverware holder with inserts Rectangle Metal Insert Sautee Pan NSF Microwave Meat Slicer Food Processor Pasta Machine KITCHEN WARES Contd Table Mounted Can Opener NSF Roller Rack 1 Yellow Tray Stainless Tray Two Wheel Cart Metro Shelving Silver 18X30 4 18x36 5 Green Coated 7 18X48 3 Green Coated 7 18x60 13 14X36 1 14x48 1 14x60 10 24x36 5 24X72 3 Metro Post 74 18 Green Coated 16 Metro Post 96 12 Metro Wall Bracket 4 Pair Beer Floor Rack Stainless Table 30X48X35 Dish Area 3-Compartment Sink Swing Faucet Level Drains Rolling Bin Racks 2 Black Dish Bins 4 Ice Machine DSUR0240A Manitowac Dish Area Contd Norlake Side By Side Freezer Dishwasher Dump Sink Faucet Wine Room Office Phone Answering System Router Booster Sonus System Speakers Not Included In Sale Tenant To Maintain 14 NSF Hood Walk In Cooler
Competition:
Great Reputation could easily open 7 days a week and grow the bar business past 10pm by staying open later Beautiful downtown area with a great outdoor patio
Growth & Expansion:
Stay open past 10pm to build the high margin bar business to increase profits
Support & Training:
2 weeks
Reason for Selling:
New Career
Business Website:
http://www.wesellrestaurants.com
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Scott Ruby

Business Listed By:
Scott Ruby

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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