Business Overview

This business combines selling wine, cigars, and craft beer. This has a bar for drinking and large wrap around patio to smoke your fine cigars.

This shop has a great reputation and is located in a very busy area in small strip center. There is plenty of parking and has great visibility and easy access.

The business had a sales increase in 2021 of over 17%. The profits are strong and getting better

The space is 2500 sq ft with rent at about $4200 month. They have a d5d6 liquor permit

The space seats 6 inside at bar and 20 on patio

Owner has owned for 10 yrs, time to sell

Financial

  • Asking Price: $129,000
  • Cash Flow: $78,000
  • Gross Revenue: $550,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $67,000
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2500 sq ft with bar inside and patio outside. Humidors for the cigars, displays for the wine, refrigeration for the craft beers

Is Support & Training Included:

Owner will supply all the training needed to succeed

Purpose For Selling:

Want to retire from this business

Pros and Cons:

Not much in the area

Opportunities and Growth:

Growth potential is hugh. Think about adding events on location

Additional Info

The company was established in 2012, making the business 10 years old.
The transaction shall not include inventory valued at $67,000*, which ins't included in the listing price.

The real estate is leased by the company for $4,200 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of various other reasons. This is why it is extremely crucial that you not rely completely on a vendor's word, but instead, make use of the vendor's solution together with your overall due diligence. This will paint a much more practical picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Often times, companies have repeat consumers, which create the core of their day-to-day revenues. Specific aspects such as brand-new competition sprouting up around the location, road building, and employee turn over can affect repeat customers as well as negatively affect future incomes. One crucial thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the local mean house income effect future earnings potential?