Profitable and Established Bronx Liquor Store

Bronx, NY (Bronx County)

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Asking Price: $420,000

Cash Flow: $84,485

Gross Revenue: $700,031

EBITDA: $42,171

FF&E: N/A

Inventory: $35,000

Rent: $3,439.16 /Month

Established: 1987

Profitable and Established Bronx Liquor Store

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Business Description

Long-standing Operating History with Established Client Base

Mount Eden Liquor has been in operation since 1987. Throughout its entire operating history, it has maintained healthy margins and a steady client base. Its presence is fixed in the community and even presents significant growth potential. New owners can incorporate e-commerce and social media to achieve even more volume than the already high levels now consistently experienced. Conveniently located off an exit of the Cross Bronx Expressway (I-95), very close to the Major Deegan Expressway (I-87), and walking distance from the Jerome Avenue train station (4 Train), this highly accessible blue-chip business is poised to sell. The savvy investor would do well to highly consider.

Detailed Information

Location:
Bronx, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
3/31/2029
Employees:
2
Facilities:
The store is located in the same commercial space it has rented since opening. Its current assets are inventory and cash.
Competition:
The store is in the Highbridge neighborhood of the Bronx, which is home to nearly 40,000 residents. Its closest competitors are Rijos Wines & Liquors (Melrose neighborhood), J&M Liquor (Melrose neighborhood), and Liquors Lords (Bathgate neighborhood).
Growth & Expansion:
Pros: E-commerce and social media can be used to market the store’s brand and drive sales. Not very many liquor stores effectively utilize digital platforms, so it won’t be difficult to distinguish the store from its competition in this way. Preparing orders for pickup will allow customers to double park and quickly pickup products they’ve already paid for online, so the store can also appeal to commuters. Cons: It will take vision and energy to create and effectively market a new store brand. The new owner must be driven and committed to change.
Support & Training:
Serious prospective buyers who sign a formal letter of intent will be permitted to spend two weeks at the store and review daily operations, to include sales, inventory, and deposits.
Reason for Selling:
Retirement. Owner is in his mid-seventies.
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Business Listed By:
Angel Rodriguez

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