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Profitable Upscale Retail Wine Store

Profitable Upscale Retail Wine Store

Business for Sale

Morrisville, NC

Name of Business: Profitable Upscale Retail Wine Store
Price: $ 799,995
Space Size: 6,800 SF
Monthly Rent: $ 13,000

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Description:

Business Description

Unusual opportunity to own a highly successful, established retail wine operation near the NC Triangle. This 6,800ft2 shop is beautifully appointed, with tasting areas areas and tasteful racks/shelving, easy to “window-dress” for maximum sales results, holiday seasons, etc. Fully established systems and staffing in place to manage all aspects of this successful business. Rent is at approximately $13,000/mo, and the Lease term is until 2028.

Business net operating profit $117,000 for 2019.

Price reflects profitability of business and inventory level of approximately $250,000 in wine/beer.

Confidential listing, please contact broker for more information and to arrange tour.
Seller will provide reasonable support/training as needed.


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,800
Lease Expiration:
3/30/2028
Employees:
14
Facilities:
High visibility upscale shopping district with dense residential surrounding, chain restaurants, etc.
Financing:
Seller will consider partial financing for qualified buyer.
Reason for Selling:
Capitalization for expansion

Additional Information:

County: Wake
Year Established: 2014
Number of Employees: 14
Lease End Date: March 30, 2028