Vintage Wine and Liquor Store
Business Description
Like a Hallmark movie; live your small business dream! A beautiful Wine and liquor store in a charming century-old former pharmacy located on Main street in a sweet Victorian village. It is the iconic business of the village.
Currently the store has 535 sq ft with a well curated selection of over 275+ varieties of wine and a wide offering of liquors reflecting local customer demand. The current inventory is $83,000 but increases slightly in the winter.
This little store did $427,900 in gross revenue last year, and that was based on less than half of the available square footage of the building.
We have decided to close our second business on the other half and expand to double the size of the liquor store. Our current gross revenue per square footage is $799.72. Our current cash flow per square foot is $131.16. The expansion gives the owner a potential adjusted income of $157,392 and an adjusted revenue of $959,652.
The application for alteration is currently with the SLA and an expanded lease agreement is being completed.
We anticipate the expansion to be completed in October. The ever- increasing popularity of RTD’s, organic wines, and box wines are products we can showcase with the new space.
Well attended wine classes were started this year and the new space will accommodate more customers to learn and buy!
The online store is a convenience started during COVID for pick up and deliveries. The delivery vehicle is a familiar site in the area with the Remedies logo on its side.
There is a POS system with Live inventory. There is an established FB and Instagram account with a favorable 4.6 star rating on google. A Shopkeep POS system, with two iPad cash register systems. There is a refrigerator for chilled wines. The store's character is enriched with built-in antique hardwood shelving and original tin ceiling from the pharmacy era.There are also free-standing shelves and a storeroom.
The business is perfectly positioned to capture customers from nearby towns, businesses and commuters passing by every day.
The store has a loyal customer base and is community oriented.
Currently the store has 535 sq ft with a well curated selection of over 275+ varieties of wine and a wide offering of liquors reflecting local customer demand. The current inventory is $83,000 but increases slightly in the winter.
This little store did $427,900 in gross revenue last year, and that was based on less than half of the available square footage of the building.
We have decided to close our second business on the other half and expand to double the size of the liquor store. Our current gross revenue per square footage is $799.72. Our current cash flow per square foot is $131.16. The expansion gives the owner a potential adjusted income of $157,392 and an adjusted revenue of $959,652.
The application for alteration is currently with the SLA and an expanded lease agreement is being completed.
We anticipate the expansion to be completed in October. The ever- increasing popularity of RTD’s, organic wines, and box wines are products we can showcase with the new space.
Well attended wine classes were started this year and the new space will accommodate more customers to learn and buy!
The online store is a convenience started during COVID for pick up and deliveries. The delivery vehicle is a familiar site in the area with the Remedies logo on its side.
There is a POS system with Live inventory. There is an established FB and Instagram account with a favorable 4.6 star rating on google. A Shopkeep POS system, with two iPad cash register systems. There is a refrigerator for chilled wines. The store's character is enriched with built-in antique hardwood shelving and original tin ceiling from the pharmacy era.There are also free-standing shelves and a storeroom.
The business is perfectly positioned to capture customers from nearby towns, businesses and commuters passing by every day.
The store has a loyal customer base and is community oriented.
About the Business
- Years in Operation
- 9
- Employees
- 6
- Facilities & Assets
- A Hard to get State Liquor License !!
Currently $83,000 in wine and liquor inventory
Live inventory on the POS system: allows for online sales and delivery and inventory accountability
Accounting set up on Quickbooks
Small refrigerator for chilled wines.
2014 Ford Transit Connect Delivery vehicle
Back Room Storage
Two I pad Registers with cash drawers.
Five free standing wine and liquor displays - Website
- https://www.remedieswine.com
- Market Outlook / Competition
- We are the only wine and liquor store in town and service several communities.
- Opportunities for Growth
- Potential growth with on line wine and liquor search sites like Vivino and Drizly because of our already established live inventory.
More growth available with a simple expansion request with the liquor authority for the secondary retail spot in the building.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $1,300.00 per month
About the Sale
- Seller Motivation
- retiring
- Transition Support
- We have good relationships with a dozen wine and liquor distributors and mentoring during the transitional period is available.
Listing Info
- ID
- 2266704
- Listing Views
- 7320
Listing ID: 2266704 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.
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