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Wine Bar Prime Location In Reno For Sale

Reno, Nevada, US
Asking Price:
$175,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$382,000 (USD)
Cash Flow:
$74,650 (USD)

This wine bar stands out from other establishments and is situated in a prime location with several new multi-family developments underway. They owners have built and encourage a non-pretentious, safe environment where everyone is welcome. They offer boutique style wines by the glass and bottle for dine-in or retail take out. Numerous upgrades have been made including new tables, fresh paint and more. Prior to COVID, this establishment was showing year over year increases in revenues. The location combined with the sophistication and comfort of this wine bar are key factors to its continued success. As the COVID vaccine continues to roll out, patrons will come back in droves.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Kurt Okraski at to receive a confidentiality agreement and learn more about this opportunity.

Property Information

Real Estate:

Lease

Lease Terms:

Rent is $3656 per month plus $485 CAM fees per month. Total: $4141
Lease is month to month.
Landlord will negotiate new lease with buyer.

Leasehold Rent:

4141.00 per month per annum

Location:

Prime location in desirable plaza

Premises Details:

Wine Bar has adequate space for comfortable, properly distanced seating & tables to meet current COVID guidelines.

Size in square feet:
2,850

Business Operation

Expansion Potential:

There is room for installation of a small kitchen to add cheese boards and other small plates. Bar also needs attention and expansion of retail and gift basket sales as well as sales efforts dedicated to private parties and events.

Competition / Market:

Main competitors are other bars and music venues in the area.

Reasons for selling:

Other obligations

Trading hours:

Monday through Thursday 4:30 PM – 10 PM, Friday & Saturday 4:30 PM – 12 AM

Employees:
1 Part-time, 1 Owner
Years established:
9

Other Information

Support & training:

Seller will provide training at no cost to qualified buyer.

Inventory / Stock value:
$1,000 (USD) - included in the asking price

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