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Business for Sale Summary

High Volume Liq. Store - 32065

Business Type: other eating & drinking places,liquor store/ wine
High Volume Liq. Store
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Financial Information (non-confidential)

General Information
Asking Price $700,000 Down Payment $700,000
Gross Revenues $1,370,000 Lease Remaining Register Free to View
Owner’s Cash Flow $220,000 Number of FT Employees Register Free to View

Financing

$700,000 Down and Possible for a qualified buyer.

Business Description

High Volume LiquorStore in Prime Area. This is an A Plus location in one of the most heavily populated areas of Queens County. IT IS RUN ON AN ABSENTEE BASIS. The store is located in a shopping center with good parking. It is 1,975 sq. ft. (1,550 sf. sales floor with 425 sf. main level storage) plus a 500 sq. ft. basement. That is very large for the area. THERE ARE 15 YEARS REMAINING ON THE CURRENT LEASE at a rent of $5,900/mth. There is a manager in place that handles the day-to-day operations. A hands-on owner could drive sales growth and efficiency. In the past year the business grossed approx. $1,370,000.00 with a cash flow of approx. $220,000.00. This is a rare find. We are seeking a serious and financially qualified buyer with at least $700K in liquid funds to cover the asking price, plus an additional $300K for inventory. The seller will consider financing part of the sale and/or inventory for a well-qualified buyer. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.

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.