Available

Price: $70,000

Location: Chicago, IL (Cook County)

The is a great business for an owner-operator who is a big wine and/or beer aficionado such as the current owner or for someone who wants a side business that is creating a great additional income or for someone who is semi-retired and wants to enjoy a great custom retail environment. The business opened in 2010 and has become a staple in this downtown business district of this suburban Chicago community. The store features an extensive selection of wine and beer from small producers around the world. The product selection is featured on high-quality custom-built wood display cases made to occupy this specific space. The store maintains a comfortable and relaxing atmosphere where beginners and experts alike can discover as well as taste the perfect wine or craft beer to take home and enjoy.

Inventory, Not included in asking price

Listing Details

Total Sales: $157,500

Cash Flow: $26,600

FFE: $75,000 (Included in Price)

Inventory: $13,000

Reason For Sale:

To pursue other interests and gear toward retirement.

Training & Support:

Seller will train the buyer as long as needed and as agreed during the purchase process.

Operation

Year Established: 2010

Employees: 1

Location

Lease Option: 10/1/2022

Monthly Rent: $2,645 /Month

Type of Location: Leased

Square Footage: 1,600 SF

Facilities Information:

Unique space with custom build-out, very specialized interior extras, custom shelving, custom tasting/service counter, many other furnishing extras in this space. Second five-year option on current lease starts in late 2018.

Summary

Competition:

A unique space with its own specific picks for wine and beer that the owner knows doesn’t compete with any larger chain grocery stores or liquor stores. This location is in a prime spot with major foot and vehicle traffic on a daily basis during run periods and before/after rush periods. Wine and beer seem to be sold everywhere these days, but the small guys cannot produce on a quantity level high enough to compete with the larger producers and so this type of retail shelf space is a perfect home for them.

Potential Growth:

A lot of opportunities exist to tailor this retail shop in a way that suits the new owner. The current owner did this and a new owner can shift in any direction that makes them happy. This business is fun for those who enjoy the product selections in their daily life and who enjoy helping other people learn/select a great wine or beer when they come in as a customer.