Fully renovated and meticulously maintained, this thriving wine and liquor store located in Kings County, NY, boasts 11 years of successful operation. Offering a sleek and modern interior equipped with brand-new refrigeration units, central air conditioning, heating systems, and a cutting-edge POS system, this establishment caters to both connoisseurs and casual enthusiasts alike. With a sales distribution of 60% wine and 40% spirits, supplemented by a lucrative lottery commission generating $20k annually, this store capitalizes on its prime location within a high-traffic, affluent neighborhood. Managed by two partners, one of whom is dedicated full-time, the business ensures seamless operations with the added security of a comprehensive security system and a high-quality sound system. The landlord is amenable to negotiating a new 5-year lease with a 5-year option, providing stability and opportunity for growth. Furthermore, the option to purchase inventory at a reduced rate offers flexibility for prospective buyers. Positioned within an exceptionally sought-after locale, this opportunity presents undeniable potential for a savvy investor. Serious inquiries require proof of funds totaling at least $500k for a confidential discussion with the owner.
- Asking Price:
- $650,000
- Sales Revenue:
- $1,129,908
- Cash Flow:
- $260,000
Business Operation
- Reasons for selling:
-
Health
- Employees:
- 2 FT/1 PT
- Years established:
- 15
Other Information
- Support & training:
-
Seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
500,000.00 Down & $150,000 over 2 years @ 6%
- Furniture / Fixtures value:
- $100,000
- Inventory / Stock value:
- $300,000