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Business for Sale

Profitable Liquor Business for sale in NYC
New York County, NY

Listing #33480

 
Financial Information (non-confidential)
Asking Price $1,499,000.00 Gross Revenues $1,680,000.00
Down Payment $1,499,000.00 Owner’s Cash Flow $500,000.00

Financing: $1,499,000.00 Down and

Reason for Selling:partner dispute

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. Seller qualifies for SBA Loan!!

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.
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1(877) 735-5224
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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