"Best Wine Bar on the Las Vegas Strip" says the online for sale listing. So which one is it? Up for grabs for the price of $350,000, including $100,000 in furniture and fixtures, this unnamed wine bar operating "within a Major Hotel Casino Resort" since 2008 seems to have everything going for it. They'll only tell you the name if you are a qualified buyer, but join us in trying to figure out who is closing up shop.
The reason for selling is stated as "other business interests." Gross income is listed as $919,808 with $79,779 cash flow. It operates a separate and adjacent wine "boutique offering upscale wines and accessories," plus books for the oenophile and "wine-infused gourmet foods." The 2,200-square-foot space features a "circular lounge" and offers more than 50 wines "available in taste portions and/or glass servings."
Double Helix Wine & Whiskey Bar [Photo: Double Helix Wine & Whiskey Bar]
Double Helix Wine and Whiskey Bar moved into the second floor of The Shoppes at The Palazzo in 2008 and their company Website promotes the phrase "voted Best Wine Bar on the Las Vegas Strip" right at the top of the home page. Double Helix also happens to be the only 2,100-square-foot, circular lounge wine bar on the Strip with an "adjacent retail boutique."
In addition to their extensive wine menu, they offer a selected menu of dishes from the nearby Table 10 restaurant from Emeril Lagasse, a current asset missing from the "for sale" listing.
The company opened the still-in-business Double Helix Wine & Whiskey Lounge at Town Square in 2011, but their Bottles & Burgers concept at Tivoli Village shuttered in December 2012 after one year of operation. That space is now occupied by Bradley Ogden's Hops & Harvest.
· All Coverage of Double Helix Wine & Whiskey Bar [~ELV~]
· All Up For Grabs [~ELV~]