Beautiful Wine and Liquor Store near LIRR - 18706 Business Type: owner financing available,liquor store/ wine
Acted as the Advisor to the Deal
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 |
Financing
$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.
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