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Wine & Liquor Store for Sale in Kings County, NY 31524

Kings County, NY

Wine & Liquor Store for Sale in Kings County, NY 31524
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Asking Price: $739,000

Cash Flow: $275,000

Gross Revenue: $1,150,000

EBITDA: N/A

FF&E: $500,000

Inventory: $185,000*

Established: N/A

*not included in asking price.

Wine & Liquor Store for Sale in Kings County, NY 31524

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Business Description

Retail Liquor Business Available

High Volume Wine & Liquor Store and Speciality Wine Website for sale in very nice area of Brooklyn (just North of the the Belt Pkwy.) The store is over 60 yrs. old (the current owner has been here for 18 yrs.) It is located on a very busy roadway with a great deal of foot traffic. In the past year the store front and online store have grossed approx. $1,150,000.00 (80% in-store and 20% online) with a net income of approx. $275,000.00. (the margins on the online sales are higher than the brick and mortar retail store) This is a spacious 2,000 sq. ft. store WITH A FULL 2,000 SF BASEMENT. This store is an ideal location to support higher sales volume and storage for good deals. There are 10 years left on the lease at a rent of $4,630/mth. (incl. taxes). The owner has a modern POS system. We are seeking a serious and financially qualified buyer with at least $1 mil. in liquid funds to cover the asking price and approx. $185K in inventory. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK TO ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Location:
Kings County, NY
Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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