Print
Restaurants

Wilmington Tasting Room For Sale

By Allison Ballard, posted Jun 28, 2017
Wilmington Tasting Room at 19 S. Second St. is on the market. (Photo by Allison Ballard)
After two years in business, the wine-and-beer shop at 19 S. Second St. in downtown Wilmington is on the market.

“We started this thing with very little investment,” said Michael Bevacqua, owner of the Wilmington Tasting Room. “And it’s developed into a beautiful success story . . . It’s been a great. This is not a negative at all.”

The business was started with about $17,000 and since then has developed a steady clientele, hosted popular weekly tastings, held music events in the back courtyard and produced its own wine label.

The Wilmington Tasting Room has grown to include $200,000 in annual sales, Bevacqua said.

“We’ve accomplished a lot, considering how we started,” he said.

The opportunity to continue to develop his own wine label is one of the reasons he’s putting the business up for sale. In recent months, Bevacqua said he’s looked for investors to grow the business but hasn’t been able to find the right fit.

Wilmington Tasting Room, which opened in March 2015, is available for $70,000, plus fixtures and inventory, he said.

The business is listed through MoMentum Companies in downtown Wilmington, said Joan Loch, the broker handling the sale. She said there’s already been some interest in the wine shop.

“It’s a wonderful business. It’s turnkey ready for someone to take it to the next level,” Loch said.

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

Banking On West Bank’s Future

After more than two years of debate, New Hanover County leaders are working to establish the guard rails that will guide any future developm...


Surgery Center Recognized By Orthopedic Organization

Brunswick Surgery Center recently received four certificates of excellence from accreditation organization DNV Healthcare....


Opioid Settlement Fights Epidemic

Local leaders in Wilmington and New Hanover County have been working together to allocate money from two nationwide opioid settlement agreem...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season