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Wine Bar With Profitable Membership Club For Sale

Summit County, Ohio, US
Asking Price:
$499,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$900,000
Cash Flow:
$261,000

A charming yet sophisticated wine bar and café in an affluent area of Summit County, Ohio is available for purchase. With over fifteen years of operating history, this business has built a loyal and growing customer base, an excellent reputation, and outstanding guest reviews across multiple platforms. The concept is intimate, approachable, and expertly positioned, offering an extensively curated wine selection, a chef-crafted small plates menu, a full bar, and a vibrant events program.

A proprietary membership program representing nearly 30% of total annual revenue provides recurring, predictable monthly income that operates largely independent of daily bar and dining sales. Comprehensive operational manuals, a tenured staff, and established vendor relationships all transfer with the sale, and an experienced manager handles day-to-day operations.

This business is not eligible for lender financing, however the seller is willing to finance up to 50% of the purchase price for a qualified buyer. Ideal candidates are wine enthusiasts ready to step into a turnkey operation with meaningful upside.

Property Information

Real Estate:

Lease

Premises Details:

A 1,980 sq. ft. retail/bar space in a high end commercial plaza. Recent renovations have been made. The current lease with options runs through 2032 with reasonable rent escalators. Currently paying $3,995 per month.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Room for growth by opening on Mondays, continued special events, and increased Wine Club membership.

Reasons for selling:

Other business and geographic interests.

Trading hours:

Tues-Thurs 12pm-9pm; Fri-Sat 12pm-10pm

Employees:
2 FT/6 PT
Years established:
18

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$249K down/$250K over 60 mos. @ 8.50%.

Furniture / Fixtures value:
$15,000 - included in the asking price
Inventory / Stock value:
$32,000 - included in the asking price