The Seasoned Gourmet & Cape Fear Food and Wine Club

Wilmington, NC (New Hanover County)

Seller Financing Available
Cooking Class
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Asking Price: $290,000

Cash Flow: N/A

Gross Revenue: $236,752

EBITDA: N/A

FF&E: $138,350

Inventory: $60,000*

Rent: $24,165,333.99 /Month

Established: 2004

*not included in asking price.

The Seasoned Gourmet & Cape Fear Food and Wine Club

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Business Description

Wilmington's premier shop for all things cooking and kitchen related located in a central location with good traffic and visibility. Owner has established a Registered Trademark, business infrastructure and marketing brand adding goodwill that compliments both businesses on the retail and the cooking service sides. Operated since 2004 by the current owner, The Seasoned Gourmet has grown to include the Food and Wine Club. An investment to move to larger space in 2016 allowed the business to expand and add a new kitchen and event space. Weekly events with well known local chefs and themed dinners has increased revenue in 2017. Well established social media marketing and a total streamlined e-commerce shopping feature on the website provides revenue growth. Lots of future potential for the right person. A similar start-up business would cost between 250-300k to bring it to the level of this opportunity.

Detailed Information

Location:
Wilmington, NC
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,137
Lease Expiration:
6/30/2026
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Exceptional Customer parking. Good office space. Plenty of storage area and large clean restrooms. Front end retail area has great visibility. Newly installed large signage on front of the building along with additional upper signage on corner bend of building. Wine tasting area and bottle shop inside as well. This business is located in the 5500 Market Center along with Johnny Lukes Restaurant and Tongy's Sports Bar. One other retail and one service business have current spaces.
Competition:
Wilmington's only cooking school experience of its kind. Customer loyalty. Social media following of over 3400 people, 1150 twitter followers and Email and Newsletter subscribers of 3200. Cape Fear Food and Wine Membership has reached 1600 sign ups.
Growth & Expansion:
Growth can be realized in evaluating retail merchandise and growing online sales. Managed control over CFF&WC memberships will improve monthly bottle sales. Continued marketing of the Cooking events and school and development of new classes will increase revenue. Consistent advertising and brand awareness will increase traffic.
Financing:
Partial Financing Considered
Support & Training:
Current administrative and counter employees, plus the manager are hoping to stay with the business. Owner is willing to stay on to transition for up to 60 days.
Reason for Selling:
Retirement
Business Website:
http://www.theseasonedgourmet.com
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Joan Loch

Business Listed By:
Joan Loch

Momentum Companies

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Sponsoring Broker:
Terry Espy

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