Upscale Wine and Liquor Store For Sale in NY - 35491 Business Type: beer distributor,misc. retail/non-classifiable,liquor store/ wine
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $499,000 | Down Payment | $499,000 |
| Gross Revenues | $1,209,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $171,000 | Number of FT Employees | Register Free to View |
Financing
$499,000 Down and
Business Description
This liquor store is a prime opportunity for a first-time liquor buyer seeking a profitable and absentee-run business in an attractive Manhattan location. With a gross sale of $1.2 million annually, the store's sales are primarily comprised of 60% wine and 40% liquor, resulting in a healthy overall profit margin of 38%. The store's rent is very reasonable at $5200 per month, and the lease is valid for 10 years. Additionally, the business has a basement that can be utilized for storage or expansion purposes.
The current owner must sell the business due to a health issue, presenting an excellent chance for a new owner to take over and grow the business. With a net cash flow of $170,000 per year after expenses, the store offers a significant return on investment. Interested buyers should contact Syed Ahmed at 631-374-7686 for further information or to schedule an appointment to view the store. Don't miss out on this exceptional opportunity to own a thriving liquor store in one of Manhattan's busiest neighborhoods.
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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.
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