$150K down and it's yours : One of Manhattans Top 3 Wine & Spirit Shop

New York, NY (New York County)

Seller Financing Available
$150K down and it's yours : One of Manhattans Top 3 Wine & Spirit Shop

Asking Price:$560,000

Cash Flow:$175,000

Gross Revenue:$1,800,000

EBITDA:N/A

FF&E:N/A

Inventory:$120,000*

Established:2014

*not included in asking price.

$150K down and it's yours : One of Manhattans Top 3 Wine & Spirit Shop

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Business Description

A super-sized 3,000 SF Manhattan wine and spirits store positioned for tremendous growth. Here's a selection of wines and spirits is that of a 3-4 star restaurant at a retail price point. It's true, this below 34th st. shop is where some of the city's top foodies and sommeliers shop for themselves. The friendly and educated staff is here to help. Buyer is responsible for the purchase of inventory and security deposit.

Detailed Information

Inventory:
Not included in asking price
Employees:
13
Facilities:
How difficult is it to get a wine and liquor license in Manhattan? Very. The sellers beat out other applicants, got the license, found the 4000 SF space south of 34th St., negotiated a below-market rent and the love affair with the desirable west-side neighborhood began in 2014.
Competition:
No other wine and spirit merchant on the west side boasts the size, selection or unique ability also offer craft beers (thru a savvy subdivision of space). The smaller nearby competitors are enjoying strong revenue trends- good news for this larger and better-located store.
Growth & Expansion:
First, the location is superb. The west-side neighborhood is home to many of Manhattan's best companies, start-ups, social media firms and fashion designers. 4,000 SF of below market rent with a long-term lease in one of Manhattan's most powerful retail shopping districts. With a healthy mix of commercial and residential buildings, this heralded wine and spirit shop is ready for the upside you've been looking for in your investment.
Financing:
410000.00
Support & Training:
3 weeks
Reason for Selling:
other business interests

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Carey Davis

Business Listed By:
Carey Davis

Transworld Business Advisors of NY

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Sponsoring Broker:
Transworld Business Advisors

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