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Business for Sale Summary

Profitable Liquor Business for sale in NYC - 33480

Business Type: liquor store/ wine
Profitable Liquor Business for sale in NYC
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Financial Information (non-confidential)

General Information
Asking Price $1,499,000 Down Payment $1,499,000
Gross Revenues $1,680,000 Lease Remaining Register Free to View
Owner’s Cash Flow $500,000 Number of FT Employees Register Free to View

Financing

$1,499,000 Down and

Business Description

This very profitable Liquor and Wine store has been in business for 17 years and is located on an extremely busy avenue in Manhattan near several colleges. Location is ideal - only liquor store around. The current owner has been running the store for 7 years. Current owner has streamlined the business and has increased his profit margins to over 40%. With only 2 full time and 3 part time employees, the payroll is low. There is a great deal of foot traffic as well as thousands of affluent residents within walking distance. Owner also implemented a very robust delivery service which consists for almost 50% of sales. No other liquor stores can open within a 5 block radius from the store so you have a built in customer base. At just under 1000 square feet, the rent is reasonably priced and the Landlord will extend the lease for the new owner to 10 years, There is a full sized basement for extra storage, an office and private bathroom. This is a MUST SEE for anybody looking for a very profitable essential business in Turn Key condition. The entire business is very well run and a new owner will have an easy time getting getting used to the operation. The owner insists on total secrecy about the sale so you must first contact me to get information. Proof of funds for 50% will be required before obtaining additional information, To set up an appointment to see the store and speak with the owner, please contact Ross Lombardo at 877-735-5224 or email me at rlombardo@vestedbb.com.

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.