Established Wine Bistro In Trendy Uptown Dallas Location For Sale

Business description

This is the perfect opportunity to purchase a well established wine bistro in the downtown Dallas area. The business has been in operation for over three years and combines multiple revenue streams through retail wine sales, on-premise wine tasting, and a selection of bistro foods. The business has also received multiple Wine Spectator Awards of Excellence for the last several years. The interior was impeccably finished out, allowing guests to enjoy themselves in a relaxed, comfortable area. Extensive A/V equipment supports a broad range of options for catering to special events in the space, and an outdoor patio provides a space for customers to take in the Dallas night life. Ample parking is available, including nine dedicated parking spots and general parking for hundreds of cars.

Included with the business are the current finish out, appliances, wine inventory, and access to a 2,000+ online newsletter audience. Multiple opportunities to grow the business exist, including expansion into a full restaurant via an adjoining vacant space, franchising this one-of-a-kind concept, targeted marketing & advertising campaigns, online wine sales, expanded hours of food service operation, subscription customer programs, and focused pursuit of group events.

The seller is willing to provide significant training to the buyer and is willing to support the new owner in an advisory role for one month. Seller financing is available for a portion of the sales price to qualified buyers.

This is the perfect business for a dedicated owner/operator who can drive increased sales and profit performance on a day-to-day basis. If you have ever wanted to own an upscale wine bistro with a loyal customer base and a unique business concept, then this is the perfect business for you. The seller requests that only serious buyers with proof of adequate capital respond.

Property information

Real Estate:

Lease

Lease terms:

- 2.5 years remaining on lease with 5 year renewal option - ~2,000 square ft of space - Outdoor patio- 9 dedicated parking spots, plus ample general parking - Immaculate finish-out of space - Includes all furnishings and equipment

Location:

- Prime location with multiple foot traffic draws in same building - Frontage to major road with 40,000+ passing cars each day - Located near highly valuable demographics (>$100,000 household income, wine drinkers,...)

Other information

Expansion potential:

- Continue to ride rapid growth in wine purchases - Expansion into a full restaurant with available, adjacent space - Franchising concept on a state or national level- Targeted marketing and advertising campaigns - Online wine and retail sales - Extended hours of food service operations- Subscription customer and loyalty programs - Focused pursuit of corporate and personal events

Competition / Market:

- Limited competition in area immediately surrounding business - Some similar competitors have entered business but could not sustain themselves like this business

Support & training:

- Willing to provide significant training to the buyer and willing to support the new owner in an advisory role for one month - Seller financing is available for a portion of the sales price to qualified buyers

Reasons for selling:

Personal reasons for selling business

Trading hours:

Sun - Wed: 2PM - 10PM; Thurs - Sat: 11AM - Midnight

Financing available:

- Willing to provide seller financing for 30% of closing price to qualified buyers

Furniture / Fixtures value:

$150,000

Inventory / Stock value:

$30,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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