Profitable Liquor Store for Sale in Kings County, Brooklyn.

Brooklyn, NY
listing image
Asking Price:$1,390,000
Gross Revenue:$3,100,000
Established Year:2019
Cash Flow:$500,000
Inventory:$350,000
BUSINESS DESCRIPTION

The store is located right next to a large food market in a densely populated residential area and a busy commercial district.

Gross Sales : 3.1M / year
($160,000 cash sales & sales tax included)

Revenue Breakdown:
80% wine
20% alcohol
Sales Channel Distribution:
70% walk-in
30% online
No New York Lottery

Property Details:
Square Footage: 2 ,100SF, no basement
Parking: street
Lease transfer :
15 years + 5 years option
Inventory Value: $350,000
Operating Hours:
Monday to Wednesday :
11:00 am - 10:00 pm
Thursday to Saturday:
10:00 am - 10:00 pm
Sunday: 11:00 pm - 9:00 pm
Years in business: 5 years

Expenses:

Rent: $13,300 per month (property tax included)
Annual Rent Increase: 3%
Utilities: electricity, cable, etc.
$1,300 per month
Insurance: $500 per month
Number of Employees:
6 full-time, owner absentee
Payroll: $23,333 per month

Financial statements reflecting all income will be provided after prospective buyers show the proof of funds


DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
Employees
6
Growth & Expansion
Delivery, NY LOTTERY
Financing
No seller financing
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May
Tru International Realty Corp