Financing: $450,000.00 Down and The seller is willing to finance up to
$150,000.00 at 6% over 24 months
for qualified buyers.
Reason for Selling:The seller is moving to another
region of the country
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 firstname.lastname@example.org. 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.
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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.