Wine Bar Santa Ynez Valley

Solvang, CA (Santa Barbara County)

Wine Bar Santa Ynez Valley
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Asking Price: $190,000

Cash Flow: $80,386

Gross Revenue: $401,820


FF&E: $50,000

Inventory: N/A

Established: 2007

Wine Bar Santa Ynez Valley

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Business Description

Wine Enthusiasts: Own Your Own Dream Business!

In the Hottest New Wine Area– The Santa Ynez Valley Wine Country is now a wine tour destination from Europe, Asia, San Francisco and LA.

Loyal Wine Club membership of nearly 1,500 regular customers.

$16,000 in Inventory (fluctuates) & over $50,000 in Fine Furniture, Fixtures and Equipment

Expansion Ideas:
1) Utilize the licensed commercial kitchen space to expand the food menu beyond current cheese and charcuterie selections. Can add hood & grease trap. Requests for cheese and charcuterie to-go. Expand to-go business.
2) Install Beer Tap System
3) Take full advantage of the Type 52 (wine catering) permit and pour wines off site at events. In demand for weddings and private parties.
4) Extend hours (permit allows to pour until 11 pm)
5) Take advantage of new wine/sake based spirits to create a craft cocktail menu

Price: $190,000 + Inventory
Owner Net: $80, 386 (2017)
Gross Income: $401, 820 (2017)
Basic Kitchen. Can add Hood & grease trap!
Total Monthly Rent | $2,000—Only $1.40 sq. ft! Very very low for the prime location!
Square Footage| 1,400 + Patio
Patio| 150 (Rent Free)
Occupancy | 51
Parking | 2 Reserved & Street Parking
Lease Ends | June 30, 2023
Options | (1) 5 year Option
Lease Assumable | Yes
Reason For Selling | Retirement

Detailed Information

3 part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Reason for Selling:
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Sharon Hills

Business Listed By:
Sharon Hills

Santa Barbara Business Brokers

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