Listing ID: 73537
Intimate wine bar, local hangout spot. Quite spot to enjoy a relaxed evening for a good conversation and some great wine or beer at affordable prices. This is a very MANAGEABLE business and perfect for a hands on owner operator to earn a great income along with GREAT TIPS. So much opportunitit’s here!!!
Very attractive and low lease of only $1,060 per month and it includes water and trash.
Please fill out the contact form to receive the Non-disclosure
All POS sales reports will only be shown to a serious buyer in person.
*** CALL GEORGE ANTONAKLAS TODAY 727-458-5565!!!
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $189,000
- Cash Flow: $74,178
- Gross Revenue: $118,060
- EBITDA: N/A
- FF&E: $15,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:475
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Cute and intimate
1 week at no cost to buyer
Concentrating on full time career
The company was established in 2019, making the business 3 years old.
The company has 1 employees and is situated in a building with estimated square footage of 475 sq ft.
The property is leased by the company for $1,060 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the genuine reason vs the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really essential that you not rely absolutely on a seller's word, however rather, use the seller's solution combined with your general due diligence. This will repaint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that profit margins are too thin. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday profits. Specific factors such as brand-new competition growing up around the location, roadway construction, and also personnel turnover can influence repeat clients as well as adversely affect future earnings. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the possibility to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood median household earnings influence future revenue potential?