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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

EBITDA: N/A

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

Location:
Thousand Oaks, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
9/26/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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:
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.
Financing:
Buyer needs solid financial.
Support & Training:
as agreed with both parties
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Business Listed By:
Andre

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