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Profitable, Upscale, Niche Wine Store In Collin County For Sale

Collin County, Texas
Asking Price:
$300,000 (USD) Furniture / Fixtures and Inventory / Stock included
Turnover:
$638,588 (USD)
Net Profit:
$34,020 (USD)

This upper end boutique wine store was started in 2006 by a couple who have loved wine all their lives. They have carefully built this business on their knowledge of wine and their focus on introducing wines from all over the world to as many customers as possible. And they do that with the focus on having fun for their customers.
Located in Collin County Texas, this wine store has been voted the best wine store in the Dallas-Fort Worth area seven consecutive years. Why? Because of their commitment to bring the best wines from all over the world and sharing that knowledge and enjoyment with their customers. They have monthly wine tasting events, sponsor wine travel trips around the world, share a newsletter with customers and have a tiered club membership program available that allows their customers discounts and new selections of wines each month.
They have built up a loyal client base that will frequently order a case of wine and asked several of the bottles to be surprises from the owners. That is based on trust and the many satisfying results of new wine experiences!
The business offered a selection of accessories ranging from select whiskies to special order hand made wine cabinets that can hold up to 300 bottles.

Property Information

Premises Details:

Based in Collin County, Texas this 1,780 leased square footage in an large, well maintained retail center. This retail center has numerous restaurants with sufficient parking capacity, that allows for constant traffic flow, especially on weekends. Landlord will be willing to negotiate a new lease for the next owner.

Business Operation

Expansion Potential:

Plano, with a low unemployment rate, continued strong job growth and high income, supports a upscale wine market that can be aggressively marketed to with new ownership through expanded assortments, additional retail space, increased wine club memberships, implementing an aggressive e-commerce strategy and initialing a wine delivery service to appeal consumers life styles. Wine continues it's growth appeal to all ages and a new owner can target this opportunity.

Competition / Market:

Strong competition from big box retailers in the DFW area, but they focus mainly on the volume, price driven wine selections. While they offer wider and deeper inventories for the average consumer, this niche upper end wine store specializes on selective, hard to find wineries from around the world that produce limited case wines. The customers that can shop this store, want wines that serve their tastes and provide enjoyment for dinner parties and other social events.

Reasons for selling:

The owners are ready to retire.

Trading hours:

Mon-Thurs 11am-7pm; Fri-Sat 11am-8:30pm

Employees:
2 FT / 2 PT
Years established:
14 Years

Other Information

Support & training:

Will train for 2 weeks @ no cost
Owners are current on all licenses to operate as required. Temporary transfers can be in place for new owners. A winery permit holder in Texas can conduct wine samplings, including wine tastings, at the retailer's premises.

Furniture / Fixtures value:
$35,602 (USD) - included in the asking price
Inventory / Stock value:
$45,601 (USD) - included in the asking price

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