Last Revised: 9/13/19. Posting #: 246113
Key Words: wine bar, bars, wine, wine tasting, folsom, sacramento, convert
Financial Info: Price: $129,000. Down: Call. Adjusted Net: $43,386. Annual Revenues: $282,032. Total Rent: $3,200/month includes utilities.
Profile: Here's your opportunity to own a beautiful Wine Bar & Tasting Room in a busy retail area in Folsom. This profitable Wine Bar has an established brand and positive reputation which the next owner would likely want to continue with, but it could be renamed or converted to something new that would benefit from a location with high foot traffic and great visibility. The Bar is in a location which is surrounded by other popular restaurants, bars and boutique retail which draw in the crowds year-round.
The 1,780 sq. ft. space has seating for about 40 inside in a tastefully decorated space. The space offers customers a variety of seating, some with great views for people watching and others that are more intimate. There is also space for private parties and events. There is a great Lease in place with Total Rent: $3,200/month which also includes some of the utilities!
The Bar is well connected to local producers and offers a nice selection of both local craft beers and wines from the Sierra Foothills and other California AVAs, as well as imported varieties. The beverage menu is set up to appeal to customers with all levels of wine appreciation and knowledge as well as those that prefer a nice brew or champagne cocktail. The space has a cold type kitchen, so food service is somewhat limited, but there is specialized equipment in place that allows for a creative menu beyond the traditional charcuterie plates and bruschetta one expects to find in a wine bar. The next owner could possibly expand on the existing infrastructure if they wanted to do more complex cooking. The food menu has been designed to complement the wines and craft beers and features small plates that encourage sharing, and rotating specials to keep things interesting.
The sale includes the ABC Type 42 On Sale Beer & Wine license. This type of license allows for both on-site consumption and for off-site sales.
The current owners have fulfilled their vision of creating this casual gathering place which is well loved in the community, but changes in their family obligations and increasing demands from another business means the time has come to sell. The next owner could continue with their model or maybe even expanded with onsite storage for customers, offering a monthly wine club, or offering classes and guest speakers. This could be a great turn-key opportunity for someone looking for a business with 'upside' potential and a great return on investment, while also satisfying a wine enthusiast's desire for creative expression in a social setting!
Interested? Please complete our Confidentiality Agreement/NDA form to request the name and address.
Please see our brokerage page for the NDA form to complete online or send a request through this ad.
Once we receive your Confidentiality Agreement/NDA form, we will send you information with the name and street address and other details.
This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.
We look forward to talking with you about this exciting opportunity!
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
Key Words: kyle griffith, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, delivery, medical, medical equipment, home health, bar, restaurant, hvac, refrigeration, dry cleaners, audio equipment, equipment, distribution, moving, delivery, massage envy, massage, allstate, insurance, plumbing, wine, new york city, kings, brooklyn, bergen, nassau, queens, hudson valley, manhattan, new york
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
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