MergerPlace

Exclusive Wine Bar/Liquor Store

Maryland (Baltimore City)


  • Asking Price: $650,000
  • Gross Income: $718,780
  • Cash Flow: $177,765
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #209355
  • Established: 1995
  • Employees: 2 FT / 5 PT

Business Description

This wine (spirits and beer) bar has a relaxed easy atmosphere and is a great place to socialize with friends. Consider this wine bar a cousin to the Starbucks concept, but with wine, beer and spirits. Situated in a very desirable location. It’s also a great place to pick up snacks – with an emphasis on local sources – artisan cheeses and meats, accessories, even flowers! Live music and tastings several times a month.

On average the wine bar/packaged goods business carries $100K-$150K of inventory (at cost). Inventory is not included in the list price. Owner's expect to negotiate inventory sale at the time of the business sale.


Business Details

Primary Business Category: Retail Trade - Liquor Stores
Location: Maryland
County: Baltimore City

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 5 PT

Financial Information

Asking Price: $650,000
Gross Revenue: $718,780
Cash Flow: $177,765
Seller Financing Available: No

Property Information

Facilities:

Facility is 2600 sq ft in size. Rent is $7035 per month. Located in a highly desirable, safe area with high end stores, restaurants and further planned gentrification.

Growth & expansion opportunities:

This wine bar has great momentum and is experiencing 16% year over year growth. Momentum will likely increase as the area is growing, a development target for top real estate investors and has a big millennial/professional clientele.

Competition:

This wine bar is one of only two in the area that meshes a relaxed atmosphere in an elegant setting with the ability to purchase from a large wine selection. New, popular and growing business concept.

Reason for selling:

The owners are retiring.

Support & Training:

Will train for 4 weeks @ no cost Located in Baltimore with a BD7 liquor license. This wine bar offers wine, beer and spirits, lite fare and other products/retail for sale.

Contact Business Seller

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Business Listed By:

Michele Pouliot

Murphy Business Brokers