For over half a century this family owned business has consistently been one of the San Fernando Valley's leading wine and spirit retailer. They have built a large loyal customer base by providing superior customer service and unique products, all supported by a highly knowledgeable sales staff. Their success and growing profitability has been driven by consistently reacting to the ever-changing trends in customer preferences. An example was their early recognition of the explosive growth of craft beers. As such, they are now recognized as the place to go for the hottest new craft beers; brewed both locally and from around the world. Additionally, they have established long-standing relationships with many wineries thereby providing otherwise hard to get vintages. They were pioneers and early adapters of the growing popularity of highly profitable high-end Scotch and Bourbon's. Customers are uniquely attracted to the store given its personalized customer service coupled with the fun introduction of new products at their regular beer, liquor, and wine tastings. The business sales includes Furniture, Fixtures, machinery, equipment and leasehold improvement with a cost basis of $300,000 along with both Type 21 and 42 liquor licenses. Health issues have forced the original founder to the sidelines for the past several years. Those issues have precluded him from introducing a number of unexploited growth opportunities. These are growth opportunities for a new energized owner to pursue such as an updating the website, thereby enabling expanded internet sales, initiating deliveries, employing social media in order to better exploit the enormously loyal customer base, many from outside the local area. The business owner owns the real estate, which he prefers to sell but could be open to a lease. The owner is an acknowledged industry leader and innovator. Once free of any day-to-day responsibilities and as part of the sale, he would enthusiastically be willing to consult with a new owner focusing on the businesses huge untapped future growth potential. There are significant fixtures; including large amounts of costly cold storage units included in the sale price...Inventory is extra. Net profits, including owner's salaries and benefits are $350,000 annually. This is a confidential listing and all inquires will be handled discreetly.
Asking Price $1,250,000
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