MergerPlace

Wine Boutique

Florida (Leon)


  • Asking Price: $232,500
  • Gross Income: $348,827
  • Cash Flow: $92,769
  • Real Estate: Not Disclosed
  • Inventory: $55,000
  • FF&E: $98,551
  • Listing ID: #203122
  • Established: 1992
  • Employees: 4 FT/1 PT

Business Description

WINE SHOP/BAR FOR SALE. Trendy Tallahassee Boutique Wine Bar with everything in place. Two shops in one: Great Wine Shop with a Trendy Wine Bar. Local favorite for the best selection of fine wines in the area. Wine specialists provide personalized service and expertise in wine selection and assistance with food pairings for all venues, including weddings, birthdays, anniversaries, parties and corporate events. Wine tastings are regularly scheduled. On site wine bar offers ideal atmosphere to gather and enjoy wine by the glass, artisanal cheese and charcuterie, flatbreads and small plates which complement each wine selected. This one of a kind wine shop has become a premier venue for live jazz and other genres. Perfect turn-key deal for any wine loving entrepreneur.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Leon

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/1 PT

Financial Information

Asking Price: $232,500
Gross Revenue: $348,827
Cash Flow: $92,769
FF&E: $98,551
Inventory: $55,000
Seller Financing Available: No

Property Information

Facilities:

This fine wine shop is the only dedicated wine retail shop and wine bar in Tallahassee! Located in Tallahassee’s northeast corridor in a trendy well-established upscale boutique shopping area with front door parking. This shop is very attractive and inviting. Having been located in the same very desirable location for over 20 years, this shop is a landmark destination for a discerning customer base accustomed to exemplary customer service, excellent wine inventory and personalized attention. Wonderful layout with a wine loft which offers selected cheeses, appetizers and wine by the glass. Great place!

Growth & expansion opportunities:

The owner lives about 70 miles north of this boutique wine shop. Because of this, he has had virtually no time to network in the Tallahassee area. He does not belong to any networking or chamber groups. A new owner living in the Tallahassee area could easily broaden the marketing, promotion and networking efforts. Also, better use of social media and some overt marketing efforts, such as mail outs to upscale addresses. Selective advertising on radio could be targeted and would increase the awareness of this unique store. Changing the menu to offer additional food items with proper kitchen changes would broaden the appetizers offered.as well as advertising on radio and television would greatly increase awareness as well as revenue. The layout is already in place, and a new owner could better. The seller has owned this store for over 2 years and has already increased revenue substantially over the previous owner's sales. If a new owner can spend adequate time with networking groups, leads groups and at chamber functions, sales will increase accordingly.

Competition:

This shop offers unparalleled customer service…unique in this town of impersonal “big box” competition! Customers seeking fine wines prefer to shop in a store such as this with a knowledgeable staff of wine specialists expert in wine selection. Plus, no other wine outlet in Tallahassee has “selected cheese” and appetizers along with a wine by the glass casual bar experience to match the ambiance in this wine shop!

Reason for selling:

Buying an out of state farm.

Support & Training:

Will train for 3 weeks @ no cost. This fine wine bar boasts the best selection of wines in Tallahassee. Offering unique, small production sustainable wines from around the world along with expert advice from a highly trained staff. Wine by the glass in the comfortable wine bar as well as selected food items to compliment wine selections. In addition to the vast selection of wines, there are accessories, wine gifts, high end glassware, gift baskets for all occasions. This wine shop is the exclusive local dealer for Coravin wine systems.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

John Kraft

Murphy Business Brokers