Long Standing, Turn-key Bottle Shop and Bar with Exponential Growth Potential
Durham, North Carolina, United States
Asking Price$90k
Revenue$300k
EBITDA-
Cash Flow$50k
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 [email protected] for more information.
Real Estate
Rent is $2,400 per month
Building Size: 1266 sq. ft.
Furniture Fixtures & Equipment
$40k
Inventory
$7kIncluded in Asking Price
Business is
Absentee Owner
Number of EmployeesFull-Time: 6
Year Established
2015
Reason Selling
Family Relocation
Support & Training
Minimal training would be necessary to take over the business, but seller is flexible.
Market & 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 Opportunities
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 Options
This will primarily be a cash deal with some seller financing available.
Asking Price$90k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.