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Business for Sale Summary

Wine & Liquor Store for sale in Kings County, NY 3 - 31524

Business Type: other eating & drinking places,gift basket company,internet consumer services (b2c),misc. internet/technology/non-classifiable,seller financing available,liquor store/ wine
Wine & Liquor Store for sale in Kings County, NY 3
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Financial Information (non-confidential)

General Information
Asking Price $739,000 Down Payment $739,000
Gross Revenues $1,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $247,000 Number of FT Employees Register Free to View

Financing

$739,000 Down and Possible for a qualified buyer with good credit and collateral.

Business Description

High Volume Wine & Liquor Store and Speciality Wine Website for sale in very nice area of Brooklyn (just North of the the Belt Pkwy.) The store is over 60 yrs. old (the current owner has been here for 18 yrs.) It is located on a very busy roadway with a great deal of foot traffic. In the past year the store front and online store have grossed approx. $1,000,000.00 (80% in-store and 20% online) with a net income of approx. $247,000.00. (the margins on the online sales are higher than the brick and mortar retail store) This is a spacious 2,000 sq. ft. store WITH A FULL 2,000 SF BASEMENT. This store is an ideal location to support higher sales volume and storage for good deals. There are 10 years left on the lease at a rent of $4,630/mth. (incl. taxes). The owner has a modern POS system. We are seeking a serious and financially qualified buyer with at least $1 mil. in liquid funds to cover the asking price and approx. $185K in inventory. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK TO ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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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.