Listing Number: 6401-357826
Description
Extremely-popular and highly-visible Gallery, Wine Bar and Lounge with strong social media base and recognition in heart of West Palm Beach. Located in an elevated art gallery and wine bar hybrid setting, created by an international Artist and Designer. Space features globally-curated Art, Interior Decorations and Furnishings, and a lush tropical garden, allowing for a variety of seating experiences, all in a sophisticated, comfortable atmosphere. Owner is moving on to new projects and remaining Gallery inventory and furnishings included. Highlight of space is owner buildout improvement investment of over $500000, designed using only the finest materials, including limestone floors, French plaster walls, custom ceilings, and solid brass fixtures, as well as completely-custom features including a state-of-the-art visual digital media installation projecting on a custom 22-foot stone counter with seating for 10. Handsomely appointed wine library, small plate kitchen, French galley coffee station, and bespoke designer washrooms. Location is turnkey ready for new owner to add personal touches and continue operation as Gallery/Wine Bar/Furnishings, or re-invent the space to their liking. Offering as Hybrid Asset Sale and Lease Assignment. No current operating income as wine bar closed for season. Financials are shown for reference only, to show past performance and future potential. Seller extremely motivated, has other interests.
Listing Details
- Price: $ 150,000
- Down Payment: $150,000
- Sellers Discretionary Earnings: $ 212,504
- Total Sales: $ 484,603
- Location: Palm Beach County, Florida
- Inventory: $ 50,000
- FF&E: $ 70,000
- Employees: 8
- Year Established: 2020
- Reason for Selling: Other Interests
- Category: Art
