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
Bankofamericaderekcohen 122316122315

Bringing Manufacturing Back To The U.S.

Derek Cohen - Bank of America Merrill Lynch
Dave sweyer 300 x 300

What You Should Know About Managing Your Own Rental

Dave Sweyer - Sweyer Property Management
Lyleheadshot2017

Four Things I’ve Learned From Serving Veterans

JC Lyle - Wilmington Area Rebuilding Ministry

Trending News

United Airlines To Offer Two New Non-stop Routes To DC, Chicago

Christina Haley O'Neal - Nov 20, 2017

Virginia-based Insurance Broker Acquires Wilmington Firm

Christina Haley O'Neal - Nov 20, 2017

New Owner Picks Up 3 Wilmington Taxi Companies

Cece Nunn - Nov 21, 2017

ILM Hires Planning And Development Director To Aid Future Growth

Staff Reports - Nov 21, 2017

Industrial Supply Co. Growing, To Open N. College Road Storefront

Cece Nunn - Nov 20, 2017

In The Current Issue

New Brunswick Economic Development Group Meets

Brunswick County commissioners have approved a formal agreement between the county and a new private-public economic development organizatio...


UNCW Survey To Study Economic Impact Of GenX

Economists with the University of North Carolina Wilmington are moving forward with efforts to study the effects of GenX on the regional pop...


Downtown Growing Into 24-Hour Hub

Downtown Wilmington’s central business district has outpaced both the city and county in tax base growth, officials say. And new mixed-use p...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2017 Health Care Heroes
Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016