Established Wine Bar Great Location !!

Price: $99,900

Location: Columbus - Ohio, Franklin County

Industry: Bar

Listing Category: Bars

Listing ID: 79104

This Wine Bar was established in  1997 and has been operating successfully for 21 years the owners are now ready for retirement. The wine bar offers thousands of wine labels and beer from around the globe. It has evolved into a comfortable gathering spot to enjoy small plates paired with a taste, glass or bottle of your favorite beverage.

The wine bar offers an atmosphere to relax and enjoy a never-ending selection of fine wine and ales. Enjoy a taste, glass, bottle, or one of the dozen wine flights offered seasonally. Coolers are stocked with local micro-brews and some of the oldest ales distilled around the globe. Weekly tastings give their guests the opportunity to explore new wines and brews at their own pace. The wine bar offers great spaces for private gathering, gifts for the wine enthusiast, convenient retail carryout of all wine and beer with case discounts available.

It is located in a Hot Foodie area of Columbus with heavy traffic, both foot & Cars.   The wine bar has seating for 113 customers and has a D-5 and D-6 (Beer, Wine, Spirits, with Sunday Sales) liquor license that is being sold with the business.

The Asking Price of the Business is $99,900 Plus Inventory which is Estimated to be $40,000.

 

Listing Details

Total Sales: $589,479

Cash Flow: $70,633

Inventory: $40,000

Terms and Conditions?:

No Seller Financing.

Reason For Sale:

Seller Retirement.

Training & Support:

Seller to provide training and support to insure a smooth transition to a new owner.

Operation

Year Established: 1997

Year of Last Acquisition: 1997

Days & Hours of Operation: Tues-Thurs and Sunday 4 pm-10 pm, Fri-Sat 4 pm-Midnight, Monday Closed

Employees: 1 FT 6 PT Manager is the FT

Managers: 1 FT

Location

Lease Option: None (Option can be obtained from the landlord prior to closing the sale transaction).

Monthly Rent: 7,372

Type of Location: Strip Center

Square Footage: 3,205

Facilities Information:

Square Footage: 3,205
Lease Expiration Date: 11/22/2022 Occupancy: Inside 113
Options: None (Option can be obtained from the landlord prior to closing the sale transaction).
Current Monthly Base Rent: $5,070.02 Current Monthly CAM: $2,302.52 Current Monthly Gross Rent: $7,372.54
Rent Escalation: Annual CPI adjustments through lease termination.
Percentage Rent: 4% of all Sales for each year over the Natural Breakpoint. Present Break Point: $1,521,006 (Present Annual Base Rent $60,840 / .04 = $1,521,006).

Summary

Historical Summary:

Established 1997 same owner since opening.

Financing/Terms:

No Seller Financing.

Afilliations