Outstanding Wine Shop with Unlimited Potential For Sale

Business description

This business opened in Nov 2005 and has been growing ever since. Last year (2007) gross sales were over $145K - this year they should be over $200K. The current owner is basically not there - he has a full time job and another business to operate. This business has an outstanding location with high visibility and a great Lease with monthly rent at only $1,122 per month total. The Wine club has over 110 members and is growing at over 12 new memberships per month. There are over 750 people on the newsletter that goes out each month. There is no immediate competition in the area. All the other wine shops near this one have closed down. This is a wide open area for some major growth in an industry that is booming. All this business needs is an owner operator to propel it in the next level. The business could open up for more than 5 days per week (currently open Tues-Sat). The new owner could easily add specialty beers (another growing industry), add a wine bar and seating for on-site serving, add a small cooking facility for food, they could increase the off site tastings and parties, they could increase the specialty events with non-profits, corporations, and birthday parties. The sky is the limit.

Property information

Real Estate:

Lease

Lease terms:

This business has an outstanding location in a high visibility strip center. The business occupies 1600 sq ft with room to add a small cooking facility. It has a wine tasting bar and has room to add seating for serving wine at the business. The Lease is $1,122 per month with NO NNN and the Lease runs till 10/31/2011 with a 2 year option to extend the term.

Location:

This business has an outstanding location in a high visibility strip center. The area has the perfect demographics for this business to boom.

Other information

Expansion potential:

All this business needs is an owner operator to propel it in the next level. The business could open up for more than 5 days per week (currently open Tues-Sat). The new owner could easily add specialty beers (another growing industry), add a wine bar and seating for on-site serving, add a small cooking facility for food, they could increase the off site tastings and parties, they could increase the specialty events with non-profits, corporations, and birthday parties. The sky is the limit.

Competition / Market:

There is no immediate competition in the area. All the other wine shops near this one have closed down. This is a wide open area for some major growth in an industry that is booming.

Support & training:

The Seller will provide 2 weeks of on site training on the day to day operation of the business, introduction to suppliers, and on going support after that.

Reasons for selling:

The Seller has a full time job and another Business to operate

Trading hours:

10Am - 6 PM (Tues - Sat)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$55,000