The business and real estate is a wine bar and events venue set on 21 acres of countryside, hosting celebrations of all kinds from small gatherings of a few people or up to 200.
The property consists of several structures including:
-two indoor venues
-4 outdoor lounge options
-1 large garage and 1 shed for storage
-3-bedroom house serving as a bridal suite and storage
This business is best known for it's events. The best-selling product, however, is the signature sangria grossing around $120,000 per year.
Most customers come from a 40 mile radius, yet still receives a lot of guests from across the country when hosting weddings and events.
Financial Information
$1,750,000
Asking Price
On request
Cash Flow
$995
Gross Revenue
Negotiable
Down Payment
Yes
Financing
Business Location
City:
Confidential
State:Illinois
Financing Comments
A portion of seller financing will be considered.
Reason for Sale
Sellers are looking to move on to the next big adventure of their life.
Detailed information
Year Established:2018
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 4
Part-Time Employees:8
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
On request
Inventory Included: Yes
Inventory Value:
$25,000
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value:
$1,500,000
FF&E Included?: Yes
FF&E Value: $0
Training/Support
Sellers are willing to work with the Buyer in training the new owner/operator for a successful transition for a period to be negotiated.
Market Outlook/Competition
The business is open to the public and people enjoy the relaxing outdoors and welcoming indoors when looking for a place to grab a bit to eat, have a couple drinks, and enjoy some down time.
Event venues are a hot commodity and this business offers one of the best. Options for gorgeous outdoor settings and rustic, warm indoor settings, are offered to those planning events.
Real Estate Description
This value is based on a 2018 commercial appraisal that valued the land and buildings at $1,300,000. Many improvements have since been made.
Land and buildings are included in the offering price.
The real estate consists of 21 acres and several structures including:
-two indoor venues
-4 outdoor lounge options
-1 large garage and 1 shed for storage
-3-bedroom house serving as a bridal suite and storage