Sort Of Wine Bar has just been listed for sale by Warren Lewis Sotheby’s International Realty agents Michael Kawochka and Omar Casado.
Sort Of Wine Bar is an established and steadily growing concern primed for new ownership to take the business to the next level. The bar enjoys a good mix of reliable locals and tourists (many based in Brooklyn), so impact from the temporary L train shutdown will be de minimis. The buyer can walk in and earn revenue day one without having to change a thing. Or with minimal effort and cost, rebrand the look and feel, adding their own twist and stamp on things.
With under market rent, a long lease and great location — it is perfect for the professional manager who wants to try their own thing, or the Manhattan chain looking to expand their empire with a Williamsburg location.
This has been a passion project started by two wine lovers. Growth has been organic and word of mouth. No advertising or social media campaign has ever been down, so considerable upside exists in terms of low hanging fruit that can be picked.
At 639 Driggs Ave, Sort Of Wine Bar enjoys proximity to bustling Bedford Avenue without the nosebleed rents. It is within eye shot of Metropolitan Avenue, a busy traffic corridor and East/West artery. Driggs gets plenty of traffic (both car and foot). It lies 1 block east of Bedford, a renowned retail corridor and 2 blocks west of Havemeyer, an oasis for foodies in search of destination restaurants.
Notable anchor neighbors include the Pod Brooklyn, a 249 room hotel around the corner; and the Apple Store. The Pod averages an occupancy rate of 90+%. Your neighbors one block to the west on Bedford’s tony retail corridor include Apple, Whole Foods and Equinox. Loyal patrons belonging to this desirable demographic regularly drop hundreds of dollars on groceries, gym dues and iPhone accessories. Their customers can be your customers.
With Sephora coming in Fall 2018, your ladies night program will be a slam dunk. Other residential and commercial leading indicators in the pipeline point to a growing, local customer base.
The Sotheby’s International Realty network currently has more than 22,000 sales associates located in 950 offices in 70 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD.
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