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Business for Sale Summary

Wine & Liquor Store Online For Sale in NY - 35297

Business Type: absentee business,internet businesses,internet consumer services (b2c),misc. retail/non-classifiable,other business services,other personal services,seller financing available,liquor store/ wine
Wine & Liquor Store Online For Sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $650,000 Down Payment $500,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $165,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $150K over 2 yrs. @ 6.5%

Business Description

High Volume Wine & Liquor Store plus Online Sales. Absentee Operated. The owner only comes in one day per week. The physical store is in very nice area of Brooklyn (just North of the Belt Pkwy.) The store is over 60 yrs. old. It is located on a very busy roadway with a great deal of foot traffic. In the past year storefront and online store gross sales were $1,300,000.00 (66% in-store and 33% online) with a net income of approx. $165,000.00. The margins on the online sales are higher than the brick and mortar retail store. Online sales have been growing each year. 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 11 years left on the lease at a rent of $5,000/mth. (incl. taxes). The owner has a modern POS system. This store is listed for a higher multiple as it only requires one day of the owner’s time per week. We are seeking a serious and financially qualified buyer with at least $920K in liquid funds to cover the $500K down payment plus approx. $420K in inventory. Proof of funds will be requested prior to any buyer-seller meetings. There is some negotiability, particularly for a deal paid in full at closing. Remember, even if you pay $920K upfront, a cash flow of $165K/yr for one day of work per week is roughly an 18% return on your investment. Where else can you find that kind of return today, with upside growth? To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled 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.