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This Business has been Sold!
Closing Date: 12/07/2011
Business for Sale Summary

Beautiful Wine and Liquor Store near LIRR - 18706

Business Type: seller financing available,liquor store/ wine
Beautiful Wine and Liquor Store near LIRR
On December 7th 2011, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
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 $245,000 Down Payment $150,000
Gross Revenues $470,047 Lease Remaining Register Free to View
Owner’s Cash Flow $80,619 Number of FT Employees Register Free to View


$150,000 Down and $95K over 5 yrs. @ 7%

Business Description

Beautiful Wine and Liquor Store walking distance from the LIRR. In fact, this store is in the shadow of the elevated tracks on the South Shore of Nassau County. The store was recently renovated and features a state-of-the-art POS System, camera system, handmade wood shelves and tile floor. More importantly, the store has steady sales with a strong upside. In 2010, the store Grossed approx. $510,000.00 with a Net Income of approx. $80,619.00. That is 85% Wines Sales and 15% Liquor. They have a great lease with 8.5 years plus a 5 year option and only 2% rent increases. Current rent is only $3,500/mth (incl. tax and CAM) for 1,300 square feet and a corner location. There is plenty of parking with 50 private spaces behind the store plus municipal and street parking. The sale also includes the website. We are looking for serious and financially qualified buyers with at least $325k in liquid capital to cover the downpayment, inventory (approx. $130K in addition to asking price), deposits, working capital, etc. If you fit the critera call or email Mel Vaz today at 631-909-1095 or mvaz@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.