Oliver's Wine Bar for Sale in Historic Downtown Red Wing, Minnesota!

With annual sales of over $500,000, you can purchase this Bar for Sale for $195,000!! Open only 24 hours a week, Tuesday through Saturday evenings, serving dinner with wine and beer. There is significant potential to increase revenue by adding a full bar and expanding hours to include lunch and brunch, and later evening. There are many opportunities for growth to pursue including events and parties in the private dining space, expanding the menu, catering, and hosting live performances.

This Bar for Sale has 5,000 square feet of restaurant space in a prime downtown Red Wing location. Oliver's is the perfect opportunity for someone looking to get into their own business. This complete turnkey operation is beautifully maintained, tastefully decorated, and fully equipped with everything you need to continue this successful operation for years to come.  

We Sell Restaurants is proud to list this upscale wine bar for sale that includes a tastefully decorated front of the house. An oak-top bar extends the length of the building and is the perfect place to try a glass of wine from the extensive wine list or enjoy the newest regional craft beer. Seating capacity for up to 178 people inside and up to 30 on the outside patio. The interior consists of three separate spaces: a large bar area, a dining room, and a private dining area with seating for up to 50 people. 

An attractive 3-year lease of $4,700 per month, plus CAM fees, is available when you purchase this upscale wine bar. The landlord will also provide two options to extend the lease. The landlord will work with the new owners to secure an apartment right above their new business, if needed.
  
Oliver's menu consists of appetizers, flatbreads, soups & salads, pastas and baked dishes. Oliver's Wine Bar currently is operating with only a Beer and Wine License, but adding a FULL liquor license would be the next step for increasing revenue in this already successful establishment. Expanding the hours to include lunch, Sunday brunch, and staying open later into the evening are other ways to increase the revenue.  Oliver's has a long-term seasoned staff in place! 

Live music draws a good crowd, as well as the private dining room, which is the perfect place to hold private, upscale events like groom’s dinners with seating for up to 50 people. Tourism welcomes significant numbers of people each year, and the local community draws in thousands of people annually for street festivals. Oliver's Wine Bar is located in the middle of it all, right in the heart of this beautifully maintained historic downtown. This bar for sale is the perfect place for your next opportunity!

    



Please click on the tab below to easily acknowledge confidentiality on this Bar for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Scott Ruby at (612) 352-8718

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Listing

  • Listing#: 6376
  • Price: $195000
  • Location: Red Wing
Lease Term: New 3 year lease with 2 options to extend
Monthly Rent: $4700
Indoor Seating: 178
Inside Sq. Ft: 5000
Hood System: Yes
Neighboring Businesses: Historic Downtown Location, Gift Shops, Bars, Restaurants, and Retail Shops.
Hours Open: Sunday - Monday - Closed Tuesday - Thursday - 4pm - 8pm Friday - Saturday - 4pm - 9pm
# of Part-Time Employees: 12
# of Full-Time Employees: 2
Net Sales: $514615.00
Owner Benefit: $64460

Features

  • Upscale Minnesota Bar for Sale is great opportunity
  • Historic Downtown location
  • Beautiful Outdoor Patio with seating for up to 30 people
  • Growing Sales year over year. That growth can be yours!
  • Limited Hours - Easy to operate - Great Reputation!
  • Great long term staff in place
  • Complete Turn Key Operation
  • Bar for Sale