Business Brokerage, Businesses For Sale, Featured Business For Sale, Features
Hi Volume Liquor Shop With Low Rent For Sale
January 21, 2010 by Kyle Griffith · Comments
Once in a lifetime opportunity to own a prime location liquor and wine store on Long Island. Owner has been in same location for over 30 years with a new 15 yr lease at substantially undermarket rent. Store is high volume and tremendous net with well balanced sales.
- Asking price: $900,000 (Furniture / Fixtures included)
- Sales revenue: $1,780,000
- Furniture / Fixtures value: $100,000 (included in the asking price)
- Inventory / Stock value: $350,000
Square Feet: 1,800
Facilities: Liquor and wine store with racks and cases throughout for a fine selection of both. Accessable off major parkways, on a very heavily traveled avenue with access to store from both sides of street without any obstructions. Plenty of parking with ancilliary lots available for dozens of overflow cars.
Competition: Limited…no big stores in the area
Growth/Expansion: Outstanding growth for someone interested in expanding the wine and specialty wine offerings.
Financing: 40% down on purchase price plus full value of inventory at closing
Support/Training: Complete training and support available. Some industry experience is beneficial for this buy storefront
Reason Selling: Retirement…Owner has been in business in excess of 30 years
Contact:
NEW YORK BUSINESS BROKERAGE INC.
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