Financing: $399,000.00 Down and $100K at 6% over 24 months in seller financing
to qualified purchasers.
Reason for Selling:Personal
This High-End Wine & Liquor Store in an Upscale Brooklyn
Neighborhood was established in the early 80s and has had
just two owners since then. Will you be its third? The seller is
the landlord and not only stands ready to give you a brand
new 10 year lease starting out at just $6,500/month,
escalating at only 3%, annually, but is also willing to give
you the right of first refusal on the property. The store itself
contains 2,000 square feet of retail space and another 1,600
square feet for inventory storage in its dry basement. Just
two months of rent security are required. Financials are
completely verifiable. Gross margins are higher here than in
most wine & liquor stores because this one sells about twice
as much wine than it does spirits. The staff is paid hourly,
except for the owner and a manager. Generally, there are
two people in the store at all times, a third during delivery
hours and for closings, and a fourth during busy Friday and
Saturday evenings. The store is open from 10am-10pm M-F
and noon-8pm Su. A new owner could cut the payroll down
by working the front of the house more than the current one
does. There is a main manager, 2-3 additional shift managers/
key holders who can open/close, 2-3 drivers/stockers, and
usually 1-2 sales/ stockers. The staff is a team and, even
though each employee has his/her area of focus, everyone
jumps in when and where needed.Please be extremely discreet
upon visiting the store, as its employees and customers do not
know it is for sale. Do not ask to speak with the owner, but
rather contact the listing broker, Jay Goldman, who will then
arrange for the seller to give you a full tour of the facilities and
answer some of your questions. Did I mention that the seller is
willing to give you the right of first refusal to purchase the property?
This one won't last long! Please contact the broker at 1-877-735-5224.
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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. |
