Long Beach Wine Bar w/Attractive Rent & No Food Required – Off Sale Permit!

Long Beach Wine Bar w/Attractive Rent & No Food Required – Off Sale Permit!

Long Beach, CA


Asking 
$250,000
Gross Revenue 
$364,735
Potential Cash Flow 
$83,758

This Long Beach wine bar with craft beers on tap and light food offerings (prepared without a hood), boasts a stellar location with a built-in client base, attractive rent and a beer and wine license that does not require food service and provides for off-site sales. The feel good concept is perfect for wine connoisseurs who love to socialize and enjoy their favorite wines, beers and snacks with the loyal neighborhood residents.

Inventory 
2000

Accounts Receivable Included in Asking
No

Facilities

This 700 square foot facility with an outdoor patio leases for $1,735 per month on a lease that expires in September 2023 with one 5 year option to renew and additional options to be negotiated in the sale. All of the business’s furniture, fixtures, equipment, goodwill, Type 42 Beer and Wine license will included in the sale. Approximately $2,000 in inventory will be sold at cost at close.


Competition

While competition in the wine, sandwich and charcuterie segment certainly exist, this delightful venue checks all of the boxes in terms of offering customers a convivial environment to enjoy fine wine, craft beer and light snacks in, convenient parking and a built-in customer base that is geographically protected from major competition.


Growth & Expansion

New owners will likely wish to continue to operate the business in much of the same vein that current management successfully has. Naturally they will likely wish to introduce their favorite wines and beers to the craft beer offering and modify the food menu accordingly however no major modification may be deemed necessary. The business could benefit from a full-time working owner operator who could not only help insure top customer service, but who could also help save on staffing expenses.


Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated


Reason for Selling

Personal


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