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Business for Sale Summary

Great Wine & Liquor Store - 28694

Business Type: other eating & drinking places,absentee business,best deals!,new to market,liquor store/ wine
Great Wine & Liquor Store
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This business has received 28 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $199,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,700 Number of FT Employees Register Free to View


$199,000 Down and None.

Business Description

Great Wine & Liquor Store. It is a 1,000 sq. ft. space with a full 1,000 sq. ft, basement for inventory storage. This growing wine and liquor store is located on main street in a beautiful hamlet in Central Nassau County. It is just South of the Long Island Expressway. The current owner built this store from scratch just over 1 year ago. He owns another full-time business and runs this location on an absentee basis. He is typically here 1-2 days per week for 10-15 hours/wk total. He has limited time to operate the store and his other business. That is the reason for the sale. Since opening, the store has shown consistent sales growth. In year one, sales were approx. $250K and sales have been growing by at least $1k./mth since. Run on an absentee basis, the store has a minimal cash flow today, but with an owner/operator, this can be increased immediately. This store is ideal for an owner/operator. The store is completely turn-key. It is a great starter opportunity for someone looking to get into the liquor and wine business. THE RENT IS ONLY $2,600/MTH INCL. TAX AND CAM). Please note that all sales were achieved with little to no advertising. BUILDING A STORE LIKE THIS WOULD EASILY COST OVER $150K AND TAKE OVER 1 YEAR TO OBTAIN ALL PERMITS, IF YOU ARE EVEN ABLE TO OBTAIN A LIQUOR LICENSE. Inventory is approx. $50,000, NOT included in the asking price. We are looking for a serious and financially qualified buyer with at least $250K in liquid funds to cover the asking price and inventory. If you meet the criteria, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.