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
Untitleddesign2 9202334730

Investing in the Health of Our Communities, for Today and the Future

Novant Health - New Hanover Regional Medical Center Novant Health
Tommytaylor ceo unitedway

How Philanthropy Fits Into Your Financial Plan

Tommy Taylor - United Way
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

Trending News

Intracoastal Angler To Grow With Two New Hampstead Stores

Emma Dill - Apr 30, 2024

Coyne Returns To Law Firm's Wilmington Office

Staff Reports - Apr 30, 2024

Wilmington-based Fishing App Wins NC IDEA Grant

Audrey Elsberry - Apr 30, 2024

Apartment Plans Move Ahead On Wooster Street

Emma Dill - Apr 29, 2024

Design-build Firm Welcomes Falvey As Director

Staff Reports - Apr 30, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...

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