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Business for Sale Summary

Boutique Wine Store in Nassau County, NY - 29352

Business Type: best deals!,must sell/drastic price reduction!,new to market,liquor store/ wine
Boutique Wine Store in Nassau County, NY
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $232,737 Lease Remaining Register Free to View
Owner’s Cash Flow $43,775 Number of FT Employees Register Free to View

Financing

$99,000 Down and None.

Business Description

Boutique wine store for sale. The store was re-branded as a wine boutique just one year ago, and it is paying off. This store is located in a very affluent North Shore Nassau County neighborhood. They have become the go-to experts for rare and/or unique wines. In fact, 25% of the items they carry cannot be found in any other stores in the area. Approx. 80% of their wines are sold at 100% mark-up. This is a store that does low-volume, high-margin sales. It is ideal for a wine aficionado who is not afraid of customer service. The store grossed approx. $252,519.00 in the past year, with a net profit of approx. $43,775.00. The seller keeps excellent records, and sales have been growing. The store is 800 sq. ft., with a 700 sq. ft. basement. There are 11.5 years left on the lease, with a rent of only $2,900/month and 3% annual increases. It is located in a strip mall with parking. We are seeking a serious and financially qualified buyer with knowledge of fine wine and at least $180K in liquid funds to cover the asking price, deposits, and some of the $160K inventory. If you meet the criteria, please call 1-877-735-5224. Please visit the location discreetly, and do not mention the sale to the staff.

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. kg

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.