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Business for Sale Summary

Boutique Wine and Spirits Shop for Sale in NYC - 33547

Business Type: absentee business,seller financing available,liquor store/ wine
Owner Financing
Boutique Wine and Spirits Shop for Sale in NYC
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This business has received 223 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $450,000
Gross Revenues $2,480,415 Lease Remaining Register Free to View
Owner’s Cash Flow $166,914 Number of FT Employees Register Free to View

Financing

$450,000 Down and The seller is willing to finance up to $150,000.00 at 6% over 24 months for qualified buyers.

Business Description

The financials reflected here are now for 2020. Gross revenues and cash flow were up 18% and 45% over 2019's, respectively. 2021 has also started out strongly. This Absentee-Run Boutique Wine & Spirits Shop is located in one of the most upscale and frequented neighborhoods in Manhattan. The owner, who used to spend at most 10 hours/week at the shop, has visited the store just one day/month since the Covid-19 pandemic broke out in March 2020. He has a knowledgeable staff that basically runs the store for him, while keeping his finger on the pulse of the business from afar. Should you decide to be more hands-on, you could put up to another $100K in your pocket through staff reductions and continue to improve the store's already superb customer service, as the owner only can. It specializes in small-production, earth-friendly wines from around the world and supports smaller, family-run vineyards, where true passion and generations of pride go into the winemaking -- where quality is still valued over quantity. You will find a fine selection of craft-spirits there as well, including small-batch whiskeys, which are very popular these days. Of course, you can transform the product mix to your liking once it's yours. Rent and RE taxes combined average out at about $25K/month. The rent escalates at just 2.25%, annually. Upon visiting the location, please do not say anything to the employees or customers, as they do not know the business is for sale. Then, kindly email the listing broker, Jay Goldman, to make an appointment to speak with the owner and then get a full tour of the facilities. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested Business Brokers, please become a free registered buyer under listing 33547 at www.vestedbb.com. To obtain its address, kindly upgrade to premium membership on our website.

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.