Unique importer/distributor of draft wines in kegs which is a new trend to serve wine. Also, sell bottled wine of their own brand and represents other brands. Just acquired distribution of two national brand wines. Has two out of state distributors, sells to ShopRite and over 100 restaurants, bars, and wine shops. 2020 sales were $800,000. Sales in 2021 were $1,000,000. In 2022 sales were $675,000 due to losing one distributer. However, in 2023 the business is expected to do over $1,000,000. Due to new national brands, selling soda waters to Soho hotels, expected New Jersey law for wine and beer licenses to all restaurants. Will consider partnership!
- Asking Price:
- $750,000 Furniture / Fixtures included
- Sales Revenue:
- $675,000
- Cash Flow:
- $197,300
Business Operation
- Expansion Potential:
-
Just got two national brand wine representation. Expect NJ to approve new law to allow all restaurants to have wine & beer license by July 2023.
- Competition / Market:
-
No competition around
- Reasons for selling:
-
Owner is moving out of state
- Trading hours:
-
Mon-Fri (10am-4pm)
- Employees:
- 3
- Years established:
- 2011
Other Information
- Support & training:
-
Up to 1 month
- Financing available:
-
Yes, $350,000 +5% interest
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $100,000
