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This Business has been Sold!
Closing Date: 05/16/2016
Broker: Jay Goldman

Business for Sale Summary

Wine & Liquor Store in Busy Bklyn Neighborhood - 27440

Business Type: liquor store/ wine,best deals!,new to market,business with property available
Sold
Wine & Liquor Store in Busy Bklyn Neighborhood
On May 16th 2016, The Undersigned
Acted as the Advisor to the Deal
Jay Goldman
Jay Goldman Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, New York County NY, Queens County NY, Westchester County NY, CT, NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $300,000 Down Payment $300,000
Gross Revenues $1,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $162,400 Number of FT Employees Register Free to View

Financing

$300,000 Down and The asking price is for 50% of the business

Business Description

This wine & liquor store is just a few steps from one of Brooklyn's busiest intersections and transportation hubs. Its two partners have been at this location for 33 years. One of them wants to retire now and is willing to sell his 50% stake to you for $300K, plus his share of the inventory. The other partner will consider selling, if you are willing to keep him on as an employee for another 3 years. You would be well advised to do so, as he provides excellent customer service and can teach you everything you need to know about ordering wines & spirits from distributors. For 1,200 square feet of retail space at street level and another $1,200 square feet used for storage in a clean and dry basement, your share of the rent will start out at $2,500/month with a 10 year lease. The partners own the property and will give you right of first refusal when they are ready to divest it. The financials profiled here are for the whole business. The asking price and estimated inventory value are for 50% of it. In 2014, lotto accounted for $72K of the profits. Store hours capitalize on customers coming home from work in both the morning and the evening. The interior of the store could use some sprucing up. Please become a premium member at www.vestedbb.com to receive the address of this Wine & Liquor Store to do a discreet walk by, then email or call Senior Vested Business Broker Jay Goldman (jaygoldman@vestedbb.com or 646-670-1961) for an appointment to take a full tour and speak with the seller.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.