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Business for Sale Summary

High-End Wine Only Store in Downtown Manhattan - 31280

Business Type: best deals!,new to market,liquor store/ wine
High-End Wine Only Store in Downtown Manhattan
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Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $249,000
Gross Revenues $486,234 Lease Remaining Register Free to View
Owner’s Cash Flow $102,234 Number of FT Employees Register Free to View

Financing

$249,000 Down and Make Your Best All-Down Offer!

Business Description

If you're ready to move on from your high-pressured career in favor of a better lifestyle, this High-End Wine Only Store in Downtown Manhattan may be just what the doctor ordered. The seller is in tight with the local community board, so if you wanted to add liquor to the mix, your chances are good. He's owned this place for 7 years and wishes he didn't have to sell it, but his family needs him out in California right now. He's confident that his great landlord will be open to adding some years onto the six left on his lease, which escalates at just 3%, annually. His cost of goods sold is a very low 59% not only because he only sells wine, but also because he's able to pass on higher mark-ups to his well-heeled clientele. The business comes with a website that can be upgraded to facilitate internet sale, which are nil at this point. Asking less than 2.5 times verifiable cash flow, this business is a steal, especially given the affluent and hip neighborhood within which it resides and its low rent of just $4,180 per month. Please be very discreet when visiting the store, as its employees and customers don't know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a tour of the facilities. Please call 1-877-735-5224 for further information.

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.