Social gathering wine shop and artisan craft retail in NC mountains
Morganton, NC
| Asking Price: | $250,000 |
| Gross Revenue: | $400,000 |
| FF&E: | $60,000 |
| Cash Flow: | $70,000 |
| Inventory: | $80,000 |
| Established Year: | 2018 |
Listing ID: 2302571Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turnkey business with great following
Creative wine, beer, coffee and artisan craft shop located in the heart of downtown Morganton. Loyal following, especially from Lake James residents coming to town for a nice quiet spot to enjoy a glass of wine and shop the 11+ local artists in the shop. Very different model which offers the opportunity to sip, shop and socialize with friends and make new friends. Great wine selection and a strong relationship with the top wine distributors.
DETAILED INFORMATION
Location
Morganton, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All fixed assets available for sale with business include Cheese cooler, beverage cooler, wine cooler with 8 wine taps, beer cooler with 6 wine taps, glasses tables, chairs, display cases etc.
Competition
Limited competition on wine bottle sales, complimentary bar related businesses one block away. Restaurants to help support traffic coming before and after dinner.
Growth & Expansion
Opportunities for more wine tastings and events to drive traffic. Many past events were well attended. Merely ran out of time to continue planning new events.
Support & Training
Current owner and staff available to train new owner.
Reason for Selling
More travel required meaning less time available for the local business.
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