Wine & Cheese with Tapas Dining

Undisclosed Address, New Hampshire
Business Opportunity for Sale
Catylist Listing ID: 30351938
Property Subtypes: Food and Beverage
Building Size (RSF): 1,200 SF
Sale Price: $49,500
Gross Revenue: $50,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Possible Owner Finance with sizable downpayment
Last Updated: 2/22/2019

Overview / Comments

The opportunity awaits you to expand this newly established business, built in 2015. The space is designed to offer an intimate and enjoyable setting, with retail space, a light dining area, and a kitchen to bake fresh bread, pastries, or meals, offering any number of light tapas and appetizers. There is room also to expand by removing the temporary wall to make way into the bathroom and rear of the establishment. The 1200 square foot space includes a basement which allows for additional storage. The space is leased for $1400 per month on a two year renewal basis.
Currently, the operating hours are very limited Wednesday - Saturday and events are held only two days per week. This can be greatly expanded in hours of operation as well as the type of events and food that can be offered. The owners have also decided to offer coffee which can also open up a number of additional opportunities. Both owners have other business pursuits that have proven to be very successful. They originally opened this business due to their love for fine wines, but they now have additional obligations with their other pursuits leaving little time for this business. The foundation is here to grow that business you have always dreamed of, in a New England city that is ever expanding.

Additional Details

Industry Segment: Other Food and Beverage
Reason for Selling: The two owners have other very successful businesses that have expanded rapidly and taken their time away from this business.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $40,950
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The lease is a two year renewal - 1200 sf of renovated space with an additional basement for storage.
Employee/Labor Description: 2 pt
Mgmt/Training Support Description: 2 weeks
Competition/Market Description: no real completion in this unique space
Growth/Expansion Opportunities: Since they are only open limited hours - immediate increase of revenue with additional event planning and hours of operation, as well as an expanded menu.
Seller Financing Description: With $30,000 down the owners would consider financing the balance.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,950 25,218 46,270
Median Age: 42.09 40.47 40.58
Households: 664 10,148 18,771

Contact

Photograph of Listing Agent

Joe Howell

Coco, Early & Associates Bridge Division
NECPE Member
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