Virginia Hampton Road Area Profitable Wine & Art Event Business A

Key Investment Considerations:

• Gross Revenue tracking $305,220 in 2024
• Tracking for $108,923 in in Seller Discretionary Earnings by end of 2024.
• Business will be under full calendar year by end of 2024
• Reason for sale: Other business interest.
• Franchise location with franchisor support and training available
• Very few wine and art event venues in the area with limited competition.
• Google 4.9 rating with 287 reviews.
• Yelp 4.1 rating with 14 reviews.
• Royalty is 8% on event ticket sales only
• Franchisor-support event online ticket sales system.
• Full Liquor license is required to operate this business.
• Full-Service Bar & hors d’oeuvres restaurant during business hours.
• New owner can take advantage of the full-service bar to increase revenue by hosting private party events.
• Happy hour promotion can be added to increase revenue.
• Turn-Key operation.
• The seller is willing to train for 4 weeks after closing.
• 70% in credit card sales and 30% in cash sales.
• $40,000 worth of FF&E included in the listing price.

This Wine & Art Event business is a unique and engaging concept that combines the enjoyment of wine tasting with the creative experience of painting. This franchise offers a relaxed, social environment where customers can unwind, socialize, and create art, guided by professional artists. The goal is to provide an accessible, enjoyable, and memorable experience for individuals of all skill levels.

Immediate business location has a vibrant arts and culture scene, which aligns well with the franchisor concept of combining wine tasting with creative painting classes.

In addition, this location is a full-service bar and hors d’oeuvres restaurant during business hours, which provides a place of gathering after work. It is a great opportunity for someone with an entrepreneurial mind to start their own business along with franchise support.