Retail Liquor Nets $266k

Orange County, NY

Seller Financing Available
Retail Liquor Nets $266k

Asking Price:$699,000

Cash Flow:$266,431

Gross Revenue:$2,162,452

EBITDA:N/A

FF&E:$270,000

Inventory:$450,000*

Rate/Sq. Ft.:$21.33

Established:1998

*not included in asking price.

Retail Liquor Nets $266k

Get Financing Save Print Share Valuation Report

Business Description

Super high volume ultra-modern retail liquor store business opportunity located in a major commercial mall of Orange County, New York. The facility consists of 9,000 square feet with an ultra-modern image and designed for high volume sales of quality Wines & Liquors. The facility has a huge selection of wines and liquors including a private wine section for specialized products with a substantial profit margin. This particular mall has a substantial number of national retail stores that attract hundreds of thousands of shoppers and workers yearly. This retail liquor business has yearly gross income of $2,162,452 and a net income of $266,431 with a business fiscal year from October to September. This Liquor retail business has an excellent mark up due to the high percentage of wine sales, offers a delivery service to its special customers and has an average inventory of approximately five hundred & fifty thousand dollars. The business also has a full loading dock for delivery service, private offices and substantial storage also designed for internet wine sales. Based on the asking price, required down payment and net income this business will supply an excellent return to the owner operator prior to debt service and bank financing has been tentatively approved to a qualified buyer. Operator does not require any specific experience in this retail industry, however liquor license qualifications are required by the state of New York.This retail liquor business is located in a highly active commercial mall with numerous businesses including national retailers that attract tens of thousands of shoppers yearly. The mall is just off a New York State thruway conveniently located to its customers. The facility consists of 9,000 square feet with various sections for different products, a full loading dock, various private offices and substantial mall parking. The facility has abundant shelving space, a huge selection of products including separate rooms reserved for high end wines. The owner is relocating after many successful years in this liquor retail industry. The business equipment includes walk in refrigerators, a van for delivers, numerous displays and counters, POS computer system, phone system, forklift, and is fully equipped to conduct any level of business activity. The facility has a customer capacity for 125 customers consisting of 9,000 square feet. The retail liquor store is in a huge commercial mall and offers substantial private mall parking on the site as part of the lease agreement. This retail business is active seven days per week with hours from 10:00 am to 10:00 pm. The sale includes a retail distribution Liquor license which allows liquor sales. The sale includes a ten-year lease, plus additional options, gross monthly rent of $16,000 and rent security of $25,000. The business has five full / part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $7,200. The business can be further developed with an improved aggressive marketing plan & an improved web site would additionally further developed the net cash flow. The owner will supply a full transitional period and remain post-closing for 30 days. To the best of our knowledge the business expects no new competitor in this area and a non compete agreement will be supplied by the seller and mall landlord to the purchaser. The 2015 gross yearly income is $2,162,452 yearly net income of $266,431 prior to debt service and based on an onsite owner operator. The business has been evaluated at $699,000, based on a multiple of the net yearly income which includes the value of the assets. Bank and seller financing is available to a qualified buyer with the appropriate down payment. Please do not disturb the employees, the sale of this business is confidential all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
9,000
Lease Expiration:
9/1/2023
Employees:
Five
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This retail liquor business is located in a highly active commercial mall with numerous businesses including national retailers that attract tens of thousands of shoppers yearly. The mall is just off a New York State thruway conveniently located to its customers. The facility consists of 9,000 square feet with various sections for different products, a full loading dock, various private offices and substantial mall parking. The facility has abundant shelving space, a huge selection of products including separate rooms reserved for high end wines.
Competition:
To the best of our knowledge the business expects no new competitor in this area and a non compete agreement will be supplied by the seller and mall landlord to the purchaser.
Growth & Expansion:
The business can be further developed with an improved aggressive marketing plan & an improved web site would additionally further developed the net cash flow.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
The owner will supply a full transitional period and remain post-closing for 30 days.
Reason for Selling:
Retiring after many years in this industry.

Listing Statistics for Premium Members

Ad#:1303051 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Beerhead Bar & Eatery

Franchise Opportunity In NY
Capital Required: $600,000