Financing: $150,000.00 Down and $95K over 5 yrs. @ 7%
Reason for Selling:Moving Out of State
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
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
