PRICE REDUCED Liquor Store $1M Sales Busy Main St Nassau Semi Absentee

East Meadow, NY (Nassau County)

PRICE REDUCED Liquor Store $1M Sales Busy Main St Nassau Semi Absentee
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Asking Price: $360,000

Cash Flow: $150,120

Gross Revenue: $1,070,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,200 /Month

Established: N/A

PRICE REDUCED Liquor Store $1M Sales Busy Main St Nassau Semi Absentee

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Business Description

Beautiful Liquor Store located on major road in Nassau County doing over $1 Million in annual sales. It is in a great shopping center with many value added tenants and a large parking lot. The store is 1000 sqft with a full basement to store extra inventory. Store keeps an average of $225k to $300k of inventory at all times. They currently have a POS system and a new surveillance system which can be viewed remotely. Liquor to wine sales are 65% wine and 35% liquor. There is also Lotto at the store, which nets $18,000 minimum a year, so there is always constant flow of customers in the store. The sales of the store are 60% credit card, and 40% cash sales. The owner only works 2 days a week, so a hands on buyer can increase the cash flow by cutting staff and making more money. This seller is not looking to hold a note or do seller financing, so all cash buyers only please. Contact Bob Patel for further information 917-642-6400 and to register for a FREE account today!!

Detailed Information

Location:
East Meadow, NY
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
10/10/2024
Support & Training:
Seller willing to train new owner
Reason for Selling:
Health Issues
Business Website:
http://www.eastcoaststores.com
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(from currently available funds)
 
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Henry Galasso

Business Listed By:
Henry Galasso

East Coast Stores LLC, NYC

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