Established Liquor Store for Sale - 37351

Financing

$850,000 Down and

Business Description

A 3,000 square-foot liquor store is located in an extremely busy commercial zone on Nassau County, New York. It also has a 4,000 sq.ft. parking space. Adjacent to the liquor store is a 500-square-foot space that could be developed into a full-fledge convenience store, carrying lottery, beer, tobacco, and other similar items. Rent is $7500 per month plus real estate taxes; the lease is for 10 years plus an additional 5-year option. Its gross sales are $1.4 to $1.5 million, with an overall profit margin of 30%. Sales are evenly split between liquor and wine, each accounting 50%. Because the front of the parking is huge, the seller rents it out to 4-5 vans and trucks, generating close to $2,000 a month. This is an excellent location, surrounded by numerous potential , such as opening a convenience store. However, due to disagreement between the partners, they are forced to sell. After paying all the expenses, the seller's net cash flow is over $200,000 a year. Call the broker, Syed Ahmed at 631-374-7686, for more information.

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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.