Wine Bar

Wine Bar

Available

$179,000.00

Listing Number :

 3811

Status :

Expired

Price :

$179000

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Description

Well established wine bar in one of the most desirable City. A unique wine and tapas bar specializing in local wines and delicious food. With spacious indoor seating and ocean views, it is ideal for private events or just a moment to relax. This Wine Bar invites you to come enjoy panoramic vistas from the wharf, great wines and a little Charm of the city! Many of the wines are estate-grown and from family-owned wineries. They feature “Meet- the Winemaker”tastings and other promotional events, including Winegrowers Association Passport Days. This County produces world class wines that are hard to find in stores and restaurants and they are showcased here. Seller claims Gross Annual Sales is about $240,000, rent is minimum rent or 8% of sales, whichever is larger, monthly avg. will come out to $2,351.52. All staff is in place including chef, manager, and event coordinator. Lease expires 2039.
This is absentee run with food cost at 41% and Labor cost of 40%. Owner operator can possibly bring down food cost and labor by 10%.#3811

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: wine Bar/Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3811
Date Available: 10/24/2019
Reason For Sale: Other Interest
Annual Total Revenue: 240000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2,351/m
Lease Expires: 2039
Lease Option:
NNN:
 
Financing Information
Down Payment: 179000
Owner Will Carry:
Other Finance Terms:

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