Established Specialty Wine & Craft Beer Shop High Traffic Strip Center

Price: $99,900

Location: West Cleveland, Cuyahoga County Ohio

Industry: Retail Wine and Craft Beer Shop

Listing Category: Beer & Wine Stores -- Retail

Listing ID: 79100

Established Specialty Wine & Craft Beer shop located in high traffic anchored strip center located in a suburb on the west side of Cleveland.  Shop is very tastefully decorated giving a high end feel with great ambiance to create a relaxing and enjoyable experience for the weekly Wine Tastings.  In the shop you’ll find amazing wines from all over the world, priced to fit any budget, & a friendly, knowledgeable staff ready to help you find the perfect selection.  Choose from hundreds of wines and craft beers that have been sorted for you by style & taste, which complement their selection of accessories, handcrafted chocolates.

The shop carries an extensive selection of wine accessories browse through their selection of bottle openers, stoppers, holders, chillers, aerators, glassware, napkins, picnicware, insulated bags, & cards to find the perfect gift.  They have pre-made gift baskets for sale, or you may put together a custom gift basket to fit any budget!  Add wine, cheese, crackers, nuts, chocolate, and accessories.

The shop is run on an absentee basis with a Manager and 2 part time employees.  The owner has other demanding businesses which continue to pull the owner away from the shop as a result the owner has decided to sell.  The shop has a D1 (Beer), D2 (Wine), and D6 (Sunday Sales) Liquor Permit which allows for on premise consumption as well as carry out.  The shop hosts Wine Tastings every Thursday evening and Saturday afternoon.

A new owner can expand the shops offerings by having Craft Beer Tastings as well as selling Craft Beer Growlers.

Great business website already established as well as a Wine Club !

Great opportunity !

The Asking Price for the Business is Only $99,900 Plus Wine & Beer Inventory (Estimated to $45,000).

 

 

Listing Details

Total Sales: $273,629

Inventory: $45,000

Terms and Conditions?:

Potential Small amount of Short Term Financing to a qualified Buyer.

Reason For Sale:

Seller has other demanding businesses that require attention.

Training & Support:

Seller to provide training and support to a qualified buyer to insure a smooth transition.

Operation

Year Established: 2015

Year of Last Acquisition: 2015

Days & Hours of Operation: Mon-Sat 11 am-8 pm, Sun Noon- 5 pm.

Employees: 1 FT 2 PT

Managers: 1

Absentee Owner?: Yes

Location

Security on Lease: 2,408

Lease Option: Lease has 5 year term expiring 1/1/2020 and One Five (5) Year Option to Renew the Lease.

Monthly Rent: 3,408

Type of Location: Anchored High Traffic Strip Center

Square Footage: 1,715

Facilities Information:

Shop is located in a High Traffic Center which has a number of Big Box Tenants as well as a movie theater. Beautiful high end finishes with all wines, craft beer and accessories displayed beautifully. Great Lease 5 Year Term expires 1/1/2020 with a 5 Year Option to renew. No Increase in the Base Rent for the entire 5 year term, Small increase in the first year of the option then No increase for the balance of the option period.

Summary

Historical Summary:

The shop has had sales of $273,629 in 2016 for only 11 months.

Competition:

Limited competition in the immediate trade area.

Potential Growth:

Great Potential for continued growth !

Financing/Terms:

Potential Limited Short Term Financing for a qualified buyer.

Afilliations