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Business for Sale Summary

Wine and Liquor Store - 34339

Business Type: seller financing available,liquor store/ wine
Owner Financing
Wine and Liquor Store
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Financial Information (non-confidential)

General Information
Asking Price $2,000,000 Down Payment $1,400,000
Gross Revenues $4,170,000 Lease Remaining Register Free to View
Owner’s Cash Flow $696,000 Number of FT Employees Register Free to View

Financing

$1,400,000 Down and $600k 3 yrs @5%

Business Description

Absentee wine and liquor superstore (7800 sq. ft.) for sale in large, upscale CT shopping center. Wine, liquor and beer are sold here. Huge craft beer and wine selection. Keg Sales. Many refrigerated cases in this superstore. Full-time owner/operator can grow this new business and do their own internet sales and fulfillment. Main road location with excellent anchor stores. Gross sales have grown from $ 2,087, 218 in 2019 to $ 3,181,454 in 2020. 6-month 2021 year to date sale of $ $2,025,585 of gross sales with recast 6-month owner net income of $ 348k. Annualized 2021 gross is $ 4m with recast 2021 annual owner net cash flow of $ $696,000. This explosive growth is due to booming online sales that will stay with the new buyer. This is without considering the extremely profitable to come 2021 holiday sales season. Asking price and profile numbers are based on projected 2021 numbers. All numbers assume an ACTIVE OWNER OPERATOR. No more liquor licenses available in this upscale town. Owner/operator will recapture all of manager's salary and expenses of running the corporate store absentee. Half of business is high-end wine sales. Opportunity to increase sales by offering lotto, cigarettes and wine accessories. This is an opportunity valued and priced for a full-time owner operator. Proof of funds of at least $1m is required for more information and a meeting with the owner. Contact broker Joseph Stansky for more details.

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.