Description of the business for sale
Business retails beer, wine, and related accessories and products carrying 1700 wines in stock, 400 of which under the popular $10 price point. Business also offers products online via thier website.
HISTORICAL SUMMARY: The business has a 20 year track record of steady profits and growth. Located in the same center the entire time the business has brand recognition and is frequented by regulars and visitors to the center on a daily basis.
OWNER QUALIFICATIONS: Owner must have basic understanding of business ownership including marketing, accounting, customer service, and posess or be willing to acquire understanding of the history, manufacture, and unique tastes of wine, beer, and other products from around the
GROWTH: This business has a strong sales history and loyal customer base. 2007 is already trending higher than a good 2006. New owners may incrementally fuel growth by holding additional events, increasing marketing, or introducing new promotions. Additional hour
COMPETITION: Big Box retailers had a negative impact on sales in 2004 and 2005. 2006 and 2007 sales have rebounded as clients have returned and area neighborhoods continue to grow.
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Support / Training provided by seller
Seller will provide adequate training/transition support to new owners.
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Description of the facilities
Popular strip center on major road with substantial anchor tenants. Low turnover and high occupancy. Potential for expansion in current bay.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Note that asking price does not include inventory due to seasonal fluctuations in stocking levels. Selling price will be negotiated then actual physical inventory will be conducted concurrent with closing to determine inventory value at cost then added to.
• Inventory: $120,000 (not included).
• FF&E: $5,000 (included).
REASONS FOR SELLING: Retirement.
EMPLOYEES: full-time: 3 part-time: 2.
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