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Wine Store & Wine Bar

Thousand Oaks, CA (Ventura County)

Seller Financing Available
Wine Store & Wine Bar
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Asking Price: $599,000

Cash Flow: $250,000

Gross Revenue: $1,000,000


FF&E: $350,000

Inventory: $500,000*

Rent: $7,500 /Month

Established: 1970

*not included in asking price.

Wine Store & Wine Bar

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Business Description

Very Confidential Selling Wine Store & Wine Bar Thousand Oaks area

The business just got appraised by two different parties for 1,700,000 to $2,000,000. This business is jewel that has a lot of potential, it is a running business that brings profits and requires the right owner to develop the business to its right potential. The business is located in a very densely populated and high income area. Competition is low in this area so this can be a great opportunity for an owner-user to maximize a return. Licenses 21 and 42. The business is in a growing mode and current owner has not done much to develop the sales. The business is currently generating a decent cash flow close to $200K and in track this year to generate more than 250k which should only increase with the right owner. It is believed that the revenue may increase to 2 millions within the next 2 to 5 years if you were to acquire a license 47. We are already working with the health department to being able to operate a full kitchen.

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Detailed Information

Thousand Oaks, CA
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The space is around 3500sqf and has been totally remodeled over the past two years. more than $350K invested. The lease is very low for the size and around $7,500 a month and has 2x5 year option to renew
Competition is low for the retail part, for the bar part, the competition is from all restaurants in the area.
Growth & Expansion:
A serious marketing effort and a knowledgeable owner in the wine industry would certainly be the right person to grow this business. Acquisition of license 47 would enable to certainly double the sales from here.
Buyer needs solid financial.
Support & Training:
as agreed with both parties
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