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Extremely Popular Boutique Wine Lounge/kitchen For Sale

Palm Beach County, Florida, US
Asking Price:
$220,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$484,603
Cash Flow:
$212,504

Extremely popular and highly visible Gallery, Wine Bar and Lounge with a strong social media base and recognition in New York, Miami, and Palm Beach.

Located in an elevated art gallery and wine bar hybrid setting, created by an international designer who has completed numerous projects in New York City, Palm Beach, and The Hamptons. An Instagram-worthy experience featuring globally-curated art, interior decorations and furnishings, and a lush tropical garden, allowing for a variety of seating experiences, all in a sophisticated, comfortable atmosphere.

Entire Gallery inventory and furnishings included, plus owner buildout improvement investment of over $700000, designed using only the finest materials, including limestone floors, French plaster walls, and solid brass fixtures, as well as completely-custom features including a state-of-the-art visual digital media installation projecting on a custom 22-foot stone counter with seating for 10.

Handsomely appointed wine library, French galley coffee station, and bespoke designer washrooms. Sommelier-curated world class wines, perfectly paired each day in a boutique kitchen, by top-level chefs creating popular international small plates along with signature cheese and charcuterie.

The owner is a renowned artist and designer who has created an atmosphere guests have been enjoying and gathering in for over 3 years, earning a top 10 review status within the first 2 years. Gallery operating year round and wine bar currently operating seasonal 6 months November to April, 3 days/week, with strong consistent YoY revenues.

Wine Bar schedule easily can be expanded throughout the year to more evenings and lunchtime, as regularly requested by many customers, creating additional revenue and profit growth potential.


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Property Information

Real Estate:

Lease

Lease Terms:

Lease/Month: 7600
Square Footage: 3200
Building Type: STRIP
Terms & Options: 1 REN @ 6YR
Expiration Date: 12/30/2030

Location:

Central palm beach county

Premises Details:

Strip Mall

Size in square feet:
3,200

Business Operation

Competition / Market:

Miles: 50
Years: 2

Reasons for selling:

Other interests

Trading hours:

5:30 - 110:P

Employees:
8
Years established:
3

Other Information

Support & training:

Weeks Training: 2
Cost: $0

Furniture / Fixtures value:
$140,000 - included in the asking price
Inventory / Stock value:
$391,000 - included in the asking price