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ON-MARKET
BARS, PUBS AND TAVERNS

Highly Profitable Wine Bar in VERY POPULAR Gainesville "Town Square"

Gainesville, GA

$349K
Asking Price
$600K
Revenue
$132K
Cash Flow

Overview

YOUR SEARCH HAS ENDED!! LOCATED IN THE HEART OF THE FAMOUS “GAINESVILLE TOWN SQUARE,” a day & night entertainment hub to the city, operates “Cork It Gainesville,” a curated, custom designed Wine Bar & Charcuterie. It is positioned right at the entrance to the Square- in a high visibility corner location!
No franchise fees, this private-label business has two other sister locations sold separately: “Cork It Braselton” and “Cork It Buford,” also located in their respective downtown hubs. And was masterly created by a former successful corporate CEO- whom is now seeking retirement- and selling… Cork It Gainesville is going on its 7th yr. Here are it’s financials: Approximately $45,000 to $65,000 in monthly sales (has a manager in place- so owner is “absentee”); approx $11,000 monthly EBITDA; 4 part time employees; rent ultra-attractive $2100 with assumable lease for 1,000 sq ft of space in a large shared 3,000 sq ft entertainment building; serves both wine + beer + light appetizers/ charcuterie.
There is no kitchen overhead! Mouth-watering “finger foods” are quickly served from the bar. Yes, this is a lean, profitable, masterly-crafted business- with remarkable upside- can quickly do double the monthly sales volume with an ambitious new operator willing to put the effort and time into marketing and cultivating what is already there in place!
Owner will thoroughly train a new buyer/operator for a smooth handoff. This is an asset sale, and includes everything- generously including all wine & beer stock inventory valued at many thousands of dollars. So besides getting your licenses in place, this is most literally a turn-key purchase… Location is: 118 Main Street SW | Gainesville, GA | 30501.
Days/hours of operation are posted on Google under “Cork It Gainesville.” This top quality enterprise boasts 150+ 4.9 Google reviews.
It is the real deal… Being private label means you have the freedom to expand your operations without restrictions or fees a franchise requires. No debt, business is 100% paid off. Question: Why work for someone else?
You can literally purchase this business Monday- and be up and running Tuesday, providing a sustainable, recession-free operation that can yield a high income to last a lifetime. The opulent finish-grade, and quality build of this establishment is above average- it has a very upscale and elegant “vibe” that will make you appreciate it’s value and upside potential. BEFORE CALLING OUR OFFICE, plz first complete the Contact Form; we will email back to you a "Buyer Info Packet" to review- thereafter you may follow up with a call with questions...
Cash only sale- no business loan buyers please (HELOCS- home equity loan buyers are OK). Confidential appt w/ business broker ONLY please for a personal tour of business (do not contact staff). Ask for Mike at Atlanta’s #1 business brokerage firm- which has been family run & serving local business owners & buyers for 33 years… Visit our website for all contact info.
Thank you.

Key Details

Year Established2019
StateGA
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