Large Manhattan Wine & Liquor Store in Manhattan - 25294 Business Type: liquor store/ wine,misc. retail/non-classifiable,must sell/drastic price reduction!,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $599,000 | Down Payment | $599,000 |
| Gross Revenues | $2,511,834 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $187,825 | Number of FT Employees | Register Free to View |
Financing
$599,000 Down and
Business Description
Price Just Reduced! One of Manhattan's Longest Established Wine & Liquor Stores. It grossed (net of sales tax) over $2.5M in 2013 with Completely Verifiable Owner's Discretionary Cash Flow of $187K plus. Everything is on the tax return. Currently run semi-absentee, there is considerable upside potential here should you have experience in this business and are prepared to be more hands-on. 1,800 sq ft of retail space on street level, 1,800 sq ft of storage space in cool basement. 60%/40% wine/liquor. After 37 years of family ownership, the seller is more than ready to retire and has no heirs to pass this jewel onto, though would be delighted to offer as much support and training as you need and is is willing to negotiate a longer lease with the landlord for you if desired. Inventory of approximately $600K Not Included in the Asking Price of $599K. Please become a premium member at www.vestedbb.com to receive the name and address of this store to do a discreet walk by, then email or call Senior Vested Business Broker Jay Goldman (jaygoldman@vestedbb.com or 646-670-1961) for an appointment to take a full tour and speak with the seller.
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.
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