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PROFITABLE- Make Money Immediately/Wine Bar

Baltimore, MD (Baltimore County)

PROFITABLE- Make Money Immediately/Wine Bar
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Asking Price: $600,000

Cash Flow: $177,765

Gross Revenue: $718,780

EBITDA: N/A

FF&E: N/A

Inventory: $150,000*

Established: 1995

*not included in asking price.

PROFITABLE- Make Money Immediately/Wine Bar

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Business Description

Great opportunity to own a business in a lucrative area

This business has enjoyed $100,000 year over year growth with 2019 already exceeding expectations. The wine (spirits and beer) upscale bar has a relaxed easy atmosphere with a large wine club of over 2000 members. The high traffic location makes it a must stop for regulars in the area. High profile real estate developers are rapidly buying in this area, growth is only going to continue. The gross margins are very high due to the diversity of their sales coming from packaged goods, wine/spirit tastings,the bar/open poor and food, and private parties. The owners have a successful concept rapidly growing with more opportunity to grow based on the development of the area.
Inventory is not included in the list price. Owner's expect to negotiate inventory sale at the time of the business sale.

Detailed Information

Location:
Baltimore, MD
Inventory:
Not included in asking price
Employees:
2 FT/5 PT
Facilities:
Facility is 2600 sq ft in size. Rent is $7035 per month. Located in a highly desirable, safe area with high end stores, restaurants and further planned gentrification.
Competition:
This wine bar is one of only two in the area that meshes a relaxed atmosphere in an elegant setting with the ability to purchase from a large wine selection. New, popular and growing business concept.
Growth & Expansion:
This wine bar has great momentum and is experiencing 16% year over year growth. Momentum will likely increase as the area is growing, a development target for top real estate investors and has a big millennial/professional clientele.
Support & Training:
Will train for 4 weeks @ $0 cost. Located in Baltimore with a BD7 liquor license. This wine bar offers wine, beer and spirits, lite fare and other products/retail for sale.
Reason for Selling:
The owners are retiring.
Business Website:
http://chesapeakewine.com/
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Michele Pouliot

Business Listed By:
Michelle Pouliot

Murphy Business Brokerage in Maryland

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