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Coastal San Diego

  • Listing No.: 106-15242

  • Category: Retail

Asking Price $1,395,000
Down Payment $1,395,000
Gross Revenue $2,503,736
Total Adjusted Net Income $414,591
Equipment / Fixtures $50,000
Year Established 1996
General Location Coastal San Diego
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Premium and rare wine retailer available for sale in Coastal San Diego. Extraordinary opportunity for an entrepreneurial minded wine connoisseur. The business has flourished in its brick and mortar location and has strong online sales consisting of approximately 20% of total revenue with significant expansion potential. 80% of total revenue is generated from long term repeat customers! Owner only works 15-20 hours per week and is looking to retire. Experienced and seasoned staff in place.  Full liquor license #21 and tasting license #42 included in the sale. This 22-year-old business is located in a prominent shopping center in a very affluent area. The recently remodeled shopping center is adjacent to a famous San Diego entertainment venue and features premier shopping and dining destinations.   Lots of room for growth and expansion with online marketing, wine tasting events, and a wider range of liquor selection.

Gross Revenue $2,503,736 Listed Price $1,395,000
Total Income $414,591 Down Payment $1,395,000
Base Rent $0 Square Feet 2624.00
Total Rent $12,024 Lease Expiration 12/2021
Rent Deposit $0 Lease Options 1, 5 year option
Inventory Not Included Leasehold Improvements
Equipment / Fixtures $50,000 Other Assets 3 Computers, Server
Full-Time Employees 2.00 Training Period 2 weeks
Part-Time Employees 0.00 Special License Required Full Liquor License #21 and Tasting License #42 included in Sale
Contract Staff 0.00 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.