Hollywood Specialty Wine Store & Tasting Venue

Industry

Location

Financials

Business Summary

This specialty wine store is located in one of Hollywood’s most coveted retail and entertainment venues that provides the store a built in client base. The business offers an array of services, from on site tasting, out of state delivery, private events, wine classes and unique wines and accessories at competitive prices. The store’s location benefits from a constant flow of locals as well as domestic and foreign tourists. The facility also insures the store is visible for patrons of high profile parties, events, premiers and concerts. This quaint family business has already demonstrated positive cash flow and solid growth trends in its first year of operations despite the sluggish economy.

The business is located in a 1,100 square foot facility that leases for $7,900 per month with the lease expiring in 2012, with a five year option to renew. The facility offers patrons a 400 square foot patio for smoking, wine tasting and casual get togethers. The sale includes all the business assets, including the furniture, fixtures, equipment, beer and wine license and goodwill.

Competition is considered low as there are no other specialty stores of this caliber in the area. On sale / off sale licenses are extremely rare for this area and quite difficult to obtain, limiting the chance of new competition. Further, this store truly has an unbeatable location for the concept.

This business has already demonstrated a strong capacity to generate sales in its first year of operations. The business could significantly increase sales by marketing to local businesses and studios that seek an intimate, enjoyable setting for small gatherings and private events, as well as capitalize on repeat sales to existing customers, both in state and out of state. This business’s unique location will provide an even stronger flow of traffic from the stores ideal customer segment in the very near future; ask for further details.