Profitable Wine Shop – Steal Of Deal From Retiring

Business Overview:

Long-standing community wine shop and liquor store in high foot-traffic retail corridor with built-in, loyal customer base and cash-flowing operations. Rare opportunity to acquire this straightforward business from elderly owners, who are retiring after 35 years of building a customer base that drives profitability. Significant opportunity to modernize and refresh the product selection to match current trends and consumption habits.
Wine Impressions is a neighborhood institution, community wine shop and spirits retailer. Wine impressions was originally founded as ‘Flamingo Liquors’ in 1950 by people who loved quality wine from around the world. The current owners took over in 1990 and grew the business, by adding a wine bar. Wine Impressions holds a CA ABC type 20 and CA ABC type 21 licenses for the retail sale of wine and liquor for consumption off-premises; minors are allowed on the premises.

Potential Growth
The business is durable and strong, though it has declined somewhat as the current owners are aging and don’t have as much energy to keep the products current and evolve with the current demographic trends and consumption patterns influencing the market.

There is significant opportunity to refresh and update the product selection with more a). natural wine products, b). non-alcoholic products, c). probiotics and wellness products, and d). mixers and complimentary beverages and refreshments.

Competitive Overview
Direct Competitors within 0.25 mile radius
• Bryan’s Grocery sells wine and spirits, two storefronts away
• Cal-Mart Grocery at the end the corridor
• Wilking Wine and Liquor on Sacramento Street

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Reason for Selling:

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