Very Popular Wine Bar and Lounge – Monroe County
A Popular Wine Bar and Lounge located in a very popular City location A beautifully laid-out 1000 Square foot facility. Voted 8th best Wine Bar in the country in 2014 Serving an assortment of cheeses, meats, and fruits on a daily basis There is a six-wine tap system allowing guests to taste the finest wines by the glass Plenty of well-lit parking with over 300 tenants living in apartments within 500 feet of this Wine Bar Hours of business are Monday, Tuesday, Thursday 4 PM – 10 PM Friday & Saturday 4 PM – 11 PM There is seating for 30-35 customers inside and outside on the patio. ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price) Furniture, Fixtures, and Equipment Fair Market Installed Value of $ 40,000 Wine and Liquor Inventory, at cost, of $ 5,000 LEASE ARRANGEMENTS: Rent is $ 1,250 per month with the existing lease ending in April 2018. There is a 5-year option to renew SALES AND SELLERS DISCRETIONARY EARNINGS: 2021 2020 2019 Sales: $ 185,819 $ 130,692 $ 223,768 Cash Flow (SDE): $ 16,972 $ – 9,181 $ 36,875 PRICE/FINANCING: The Asking price is $ 50,000. COMMENTS: One of Rochester NY’s most popular Wine Bars. This is a great owner operator turn-key business. With the growing trend of the wine industry, this unique business is a solid money maker for the right operator.