Profitable Manhattan Boutique Wine Store

New York County, NY

Seller Financing Available
Profitable Manhattan Boutique Wine Store
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Asking Price: Get Financing: $560,000

Cash Flow: $187,000

Gross Revenue: $1,193,899

EBITDA: $128,371

FF&E: $61,112

Inventory: $30,000*

Lease Rate: $14,000 /Month

Established: 2006

*not included in asking price.

Profitable Manhattan Boutique Wine Store

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Business Description

Successful Boutique Wine Retail Store located in an appealing, high traffic location in Manhattan. This modern wine retailer has reinvented the wine-buying experience and differentiated itself from neighboring wine stores. Business has been in operation for over 10 years and has nurtured an extremely loyal customer base. A remarkable 93% of business is repeat business, resulting in very strong average transactions. Wine store has a database of over 17,000 customer names that can be used for micro targeting ads. Store also has it’s own branded Smartphone App which will provide upside business for the millennial market.

Owner has implemented a proven and profitable business model, with 50% gross profit margins, consistent sales and annual cash flow ranging from $170K - $203K for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (50% gross margin vs industry standard of 33%). The business sales consist of ninety-five (95%) wine and five (5%) liquor sales, which results in a solid net income to the owner. Wine store has superb relationships with suppliers where 90% of the wines sold at this business are only available locally in local restaurants, and are not carried by other wine (or liquor) retailers.

This is an excellent opportunity to own a highly successful Wine Store with a turnkey successful business model that has tremendous upside.
Seller will assist with transition and hold a note for qualified buyer

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
3/1/2024
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
40% Seller Financing Available for qualified buyer
Support & Training:
Available
Reason for Selling:
Retirement
Business Website:
http://nybbinc.com/nda/
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Contact the Seller

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Kyle Griffith, CBI

Business Listed By:
Kyle Griffith

New York Business Brokerage

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The New York Association of Business Brokers (NYABB).


Sponsoring Broker:
Tony Calvacca, CBI

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