Highly Profitable Wine Bar in VERY POPULAR Gainesville "Town Square"

Asking Price$349,000

Cash Flow

EBITDA$140,000

Gross Revenue$600,000

Inventory$24,000
Included in asking price
FF&E$175,000
Included in asking price
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Highly Profitable Wine Bar in VERY POPULAR Gainesville "Town Square"


Asking Price$349,000

Cash Flow

EBITDA$140,000

Gross Revenue$600,000

Inventory$24,000
Included in asking price
FF&E$175,000
Included in asking price
Business Description
Stunning Finish Makes this Quality Wine Shop and Bar a Winner!
YOUR SEARCH HAS ENDED!! LOCATED IN THE HEART OF THE FAMOUS “GAINESVILLE TOWN SQUARE,” a day & night entertainment hub to the city, operates “Cork It Gainesville,” a curated, custom designed Wine Bar & Charcuterie. It is positioned right at the entrance to the Square- in a high visibility corner location! No franchise fees, this private-label business has two other sister locations sold separately: “Cork It Braselton” and “Cork It Buford,” also located in their respective downtown hubs. And was masterly created by a former successful corporate CEO- whom is now seeking retirement- and selling… Cork It Gainesville is going on its 7th yr. Here are it’s financials: Approximately $45,000 to $65,000 in monthly sales (has a manager in place- so owner is “absentee”); approx $11,000 monthly EBITDA; 4 part time employees; rent $4,000 incl CAM with assumable lease for 1,000 sq ft of space in a large shared 3,000 sq ft entertainment building; serves both wine + beer + light appetizers/ charcuterie. There is no kitchen overhead! Mouth-watering “finger foods” are quickly served from the bar. Yes, this is a lean, profitable, masterly-crafted business- with remarkable upside- can quickly do double the monthly sales volume with an ambitious new operator willing to put the effort and time into marketing and cultivating what is already there in place! Owner will thoroughly train a new buyer/operator for a smooth handoff. This is an asset sale, and includes everything- generously including all wine & beer stock inventory valued at many thousands of dollars. So besides getting your licenses in place, this is most literally a turn-key purchase… Location is: 118 Main Street SW | Gainesville, GA | 30501. Website: www.CorkItGainesville.com and days/hours of operation are posted on Google under “Cork It Gainesville.” This top quality enterprise boasts 150+ 4.9 Google reviews. It is the real deal… Being private label means you have the freedom to expand your operations without restrictions or fees a franchise requires. No debt, business is 100% paid off. Question: Why work for someone else? You can literally purchase this business Monday- and be up and running Tuesday, providing a sustainable, recession-free operation that can yield a high income to last a lifetime. The opulent finish-grade, and quality build of this establishment is above average- it has a very upscale and elegant “vibe” that will make you appreciate it’s value and upside potential. BEFORE CALLING OUR OFFICE, plz first complete the Contact Form; we will email back to you a "Buyer Info Packet" to review- thereafter you may follow up with a call with questions... Cash only sale- no business loan buyers please (HELOCS- home equity loan buyers are OK). Confidential appt w/ business broker ONLY please for a personal tour of business (do not contact staff). Ask for Mike at Atlanta’s #1 business brokerage firm- which has been family run & serving local business owners & buyers for 33 years… Visit our website for all contact info. Thank you.
About the Business
Years in Operation
7
Employees
4 Part-time
Employees are "rotated" on different shifts. There is also a PT mgr in place
Facilities & Assets
All assets remain; owner will leave majority of all inventory and wine stock as well!
Website
http://www.CorkItGainesville.com
Market Outlook / Competition
This business model is unique and in a class all it's own.
Opportunities for Growth
Double to triple revenue if managed aggressively.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,000
Rent
$4,000.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
3 weeks; more if needed.
Financing Options
No seller financing... Options: home equity loan; savings; retirement; personal loan
Listing Info
ID
2510337
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Business Listed by: Michael Migliore Realty Gold Team

Listing ID: 2510337 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.