Wine and Liquor Store in New York

Kings County, NY

Seller Financing Available

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Asking Price:$650,000
Gross Revenue:$1,129,908
FF&E:$100,000
Cash Flow:$260,000
Inventory:$300,000
Established Year:2009
BUSINESS DESCRIPTION

Wine and Liquor Store in New York

LISTING ID # 30404

Fully renovated and meticulously maintained, this thriving wine and liquor store located in Kings County, NY, boasts 11 years of successful operation. Offering a sleek and modern interior equipped with brand-new refrigeration units, central air conditioning, heating systems, and a cutting-edge POS system, this establishment caters to both connoisseurs and casual enthusiasts alike. With a sales distribution of 60% wine and 40% spirits, supplemented by a lucrative lottery commission generating $20k annually, this store capitalizes on its prime location within a high-traffic, affluent neighborhood. Managed by two partners, one of whom is dedicated full-time, the business ensures seamless operations with the added security of a comprehensive security system and high-quality sound system. The landlord is amenable to negotiating a new 5-year lease with a 5-year option, providing stability and opportunity for growth. Furthermore, the option to purchase inventory at a reduced rate offers flexibility for prospective buyers. Positioned within an exceptionally sought-after locale, this opportunity presents undeniable potential for a savvy investor. Serious inquiries require proof of funds totaling at least $500k for a confidential discussion with the owner.


DETAILED INFORMATION
Location
Kings County, NY
Inventory
Not Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
500,000.00 Down & $150,000 over 2 years @ 6%
Support & Training
Seller will train
Reason for Selling
Health
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd