Turn Key Bottle Shop & Bar, with Exponential Growth Potential
Durham, NC
| Asking Price: | $110,000 |
| Gross Revenue: | $300,000 |
| Rent: | $2,400/Month |
| Established Year: | 2015 |
| Cash Flow: | $30,000 |
| Inventory: | $7,000 |
| FF&E: | $40,000 |
Listing ID: 2276708Listing provided by BizBuySell
BUSINESS DESCRIPTION
This wine, beer and beverage store with a bar is located in the coveted area of downtown Durham surrounded by apartments and rapidly growing development. It operates with limited hours at the owner's convenience. Untapped potential to be realized with the addition of liquor.
Buildout in the area costs roughly $250/square foot making this entry point remarkably accessible. Rent is reasonable at $2,400/month and is locked in for 5 more years.
Contact Adam Ezell at (919) 622-4099 or aezell@sunbeltnetwork.com for more information.
DETAILED INFORMATION
Location
Durham, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,266
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Tons of natural light with great road visibility.
Competition
Due to its coveted downtown location, there isn't much in the way of competition as it serves primarily as a bottle shop.
Growth & Expansion
The store currently only sells cider, wine, beer, and other miscellaneous beverages. With it's downtown location, there are a host of opportunities to increase traffic and revenue. One of the more clear paths to growth would be to sell liquor, but perhaps even turning it into more of a bodega type of operation would bring it more patrons.
Financing
This will primarily be a cash deal with some seller financing available.
Support & Training
Minimal training would be necessary to take over the business, but seller is flexible.
Reason for Selling
Family Relocation
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