Paint And Sip Business For Sale

Highland Park, IL (Lake County)

Highland Park Studio
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Asking Price: $70,000

Cash Flow: N/A

Gross Revenue: $80,313

EBITDA: N/A

FF&E: $9,130

Inventory: $1,000

Established: 2017

Paint And Sip Business For Sale

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Business Description

Bottle & Bottega/Painting With A Twist Franchise Business For Sale

This is an exciting opportunity to own a turn-key business in the paint and sip & entertainment industry that is geared for continued growth and is located in a highly desirable location of Illinois. This premier paint and sip destination business requires no artistic talent to own. The ideal owner is someone who wants to own a rewarding paint and wine business; someone who has the motivation of an entrepreneur and the drive of an entertainer. It is perfect for a 2nd career transition. Join one of the fastest-growing franchise models in the country and buy an established business that is fun to run. By investing in this business, you will have the established name, logos, products, marketing, business-running software, furniture, decor, signage and inventory to get you started.

This business is a favorite among people who are looking for a fulfilling experience and financial independence; to become their own boss. It combines art within a social, fun environment. This location is BYOB and customers take full advantage of bringing in wine or other beverages. No liquor license, no dram shop insurance, no liability, no liquor inventory! We provide glasses, ice, and do not charge for uncorking. For private parties, we provide utensils, cups and plates for food customers bring in. The business offers a wide range of affordable wine and painting parties, providing a fun and entertaining experience, in an upscale studio. Hired art instructors lead public and private painting events, instructing the paintings step-by-step to customers with no art experience in a fun and entertaining way, providing exceptional customer service. The customer demographic includes women, children, men, corporations and fundraising organizations.

The wine and painting parties are perfect for Birthday Parties, Date Nights, Bachelorette Parties, Fun Friends Outing, Baby Showers, Girl's Night Out and Corporate Team Building.

The current owner is highly motivated and will provide two weeks of on-site training. In addition, the Franchisor requires one week of on-site training at its national HQ all to assist in a smooth transition.

Detailed Information

Location:
Highland Park, IL
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
First floor offers seating up to 64 which can be divided into three sections plus a lower level that could hold another 30 seats easily. Space includes a lounge, front desk & greeting area, large window display, two bathrooms, event service stands in both front and back, speaker system, a kitchen & supply storage area with multiple sinks, ice maker, dishwasher, refrigerator and counter space.
Competition:
Territory contains corporate and residential areas including 6 of the top 25 cities in Illinois for average household income. Studio resides within an upscale outdoor shopping district filled with restaurants and specialty retailers designed for those with disposable income. Highland Park is ranked 11th in average household income. It is close to public parking and the Metra North line. Direct competitors within 15 mile radius are Tipsy Paint, Pinot's Pallet (Glennview) and Artist & Heart (Libertyville). Closest indirect is the Highland Park Art Center.
Growth & Expansion:
There are no claimed franchise territories directly north and west of the Highland Park territory. Recent merger with larger franchise, Painting With A Twist, promises even greater resources and support for individual franchisees. The current business owners have yet to tap the northern territory due to focus on Highland Park area and limited marketing budget. Therefore, full potential of studio traffic has not been realized.
Support & Training:
The current owner will provide two weeks of on-site training and a MAC Book Pro with installed Web based business (NCR) as well as ActiveCampaign and Pandora. In addition, the Franchisor requires one week of on-site training at its national HQ all to assist in a smooth transition.
Reason for Selling:
Both co-owners have other full-time jobs that require their full attention.
Franchise:
This business is an established franchise
Business Website:
http://www.bottleandbottega.com/highland-park
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Business Listed By:
Chris Bonk

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