Years Established:

1980

Property Type:

Lease

FF&E:

$ 150,000

Inventory Value:

$ 300,000

Premise Details:

The Company’s locations consist of the following: CT Location: The Company leases a 1,200-square foot office space and 5,000- square foot of warehouse. The office and warehouse locations are leased from a third party at the fair market annual lease rate of approximately $36,000 (not including rental taxes and insurance). The current lease has an option for another five years but current lease expires in 2014. NY Location– The Company also leases a 1,800-square foot store within 25 miles of Manhattan. The site is leased from a third party near the fair market rate of approximately $7,800 per year. The current lease expires in 2014 with one year option.

Competition:

With two locations within a 25-mile radius of Fairfield County and Manhattan, NY. The Company is a boutique wine and liquor importer and distributor with locations in CT and NY. Vintage they caters to a range of clientele from wine aficionados, small business owners, and local restaurants to independent Re-sellers. The Company enjoys a long-standing reputation for exceptional wine selections. The Company is well-known for its discernment of fine wine, high-quality offerings, and focus on traditional, Portuguese estates, artisans wine and spirits. One of its key goals is to showcase wines aligned with the rich heritages of key European wine regions. The Company offers uncommon wine selections that are not carried by other retailers, and benefits from frequent publicity featuring its wine products and expertise. Company’s customers located mainly in the affluent communities of Connecticut, and Westchester and Manhattan Counties. Also, loyal customers hale from afar, including out-of-town visitors and online shoppers. In general, customers cover a wide spectrum of the public at large in search of rare and exquisite wine selections. The company has a total base of over 650 active accounts.

Expansion Potential:

Outstanding Growth Opportunities: There exist several opportunities for the Company to significantly increase sales and earnings, including opening locations in neighboring states; diversifying products to include domestic wines, liquors, and beers; targeting corporate clientele; adding new private label customers; and investing in larger inventory. These opportunities are easily attainable given appropriate investments in capital and human resources. Superior Name and Reputation: The Company enjoys a long-standing reputation for exceptional wine selections. The Company is well-known for its discernment of fine wine, high-quality offerings, and focus on traditional, Portuguese estates, artisans wine and spirits. One of its key goals is to showcase wines aligned with the rich heritages of key European wine regions. Unique Selections and Recognition: The Company offers uncommon wine selections that are not carried by other retailers, and benefits from frequent publicity featuring its wine products and expertise.

Employees:

4

Support & Training:

Owners to remain for a transition period to ensure a smooth transfer of ownership and maybe contracted for a longer period.

Reason For Selling:

The owners believe that the Company could benefit from capital investment.