Good Profit Margin | WINE & LIQUOR | Great Location | 30+ year lease

Suffolk County, NY

Seller Financing Available
Liquor Store
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Asking Price: $73,300

Cash Flow: $48,780

Gross Revenue: $259,230

EBITDA: $48,780

FF&E: $5,500

Inventory: $99,750*

Rent: $1,740 /Month

Established: 2011

*not included in asking price.

Good Profit Margin | WINE & LIQUOR | Great Location | 30+ year lease

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Business Description

Good Project Margin | Add Delivery and/or Lottery | HUGE POTENTIAL

Great Liquor Store on one of the busier intersections. This is run by an older owner who is looking to just sell and move South for semi-retirement. Approximately 1000 Sq Ft, but there is more than enough space for storage if you are buying in bulk.

*Inventory and Fixtures ARE NOT Included in Asking Price*

Store has not been optimized to get most sales as older owner does not have energy or will. Sales can double in Wine/Liquor (65/35 Wine/Liquor) by keeping it open consistently (current owner opens when he wants to and closes when he wants to). Weekly Specials, Delivery, Lottery + Put weekly deals in place could help increase sales.

Zero Marketing has been done, and it's one of the best locations for liquor store convenience.

The current owner has never done a sale on any product in this store. Imagine if you put deals in place! E.g. Vodka Wednesdays, Whiskey Sundays, etc..

ADDED VALUE: YOU CAN OPERATE THE STORE "AS IS" OR RELOCATE WITHIN THE AREA TO A BIGGER LOCATION. NY STATE IS NOT PROVIDING LIQUOR LICENSES AS EASILY.

Current Rent is $1750 / mth and has approximately 25 years remaining on lease. Landlord willing to extend if needed before closing. INVENTORY IS INCLUDED IN ASKING PRICE

The current owner built this store himself 8 years ago and has shown steady growth over that time. In the past year the business grossed approx. $260,000.00 with a cash flow of approx. $49,000.00 (after RENT and COGS). We are seeking a serious and financially qualified buyer. All meetings must be made by appointment only!

The owner is willing to entertain all reasonable offers and will CARRY A SELLERS NOTE for the right person.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,150
Lease Expiration:
5/1/2040
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Asking price does not include all fixtures and Inventory
Competition:
This is in the center of town in between a busy 4 way intersection. Next to a deli/grocery store, and across the street from a 7-11. The parking is plenty which makes it quick for customers.
Growth & Expansion:
Add Lottery - Lottery can be estimated to be around 400K a year (@5% is an extra 20K profit for not doing much). Do Weekly Specials (never been done) - e.g. SVEDKA on sale for cheapest around or something else every week (build email list to send out few days before so send on slow days). Adding delivery (EOD delivery) will add a lot as well because current owner is always asked for Delivery options and refuses. Online ordering through a website would add revenue.
Financing:
Willing to provide Seller Finance for the correct buyer
Support & Training:
Will provide POS training and 1 week paid training post-closing.
Reason for Selling:
Older Owner looking to semi-retire. Health is not great.
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Business Listed By:
Bobby Patel

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