Property ID : SPL25.426
For Sale $65,000.00 - Bar/Lounge
DESCRIPTION:
- 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.
