This Liquor Store was established in 1965 and is currently operated by the same family. It is located on a main thoroughfare in an affluent North Shore Long Island neighborhood. This 1,100 SF building has a 1-bedroom apartment above the building which could be rented for additional income as well as storage garage and basement. Real Estate Taxes are less than $12,000 per year. The business generates approximately $1,100,000 in sales with a very strong gross profit margin of approximately 35%. Currently, the business mix is 70% Wine / 30% Liquor, 35% Cash / 65% Credit. The business provides limited delivery and shipping service. There is an extensive customer mailing list and a very loyal customer base. This is a great starter store for someone wanting to enter the Liquor Store business and increase their equity and income from this real estate transaction. Please refer to Listing #15544 when inquiring about this opportunity.
- Asking Price:
- $1,300,000 Furniture / Fixtures included
- Sales Revenue:
- $1,100,000
- Cash Flow:
- $195,000
Property Information
- Real Estate:
-
Real Property Included
Business Operation
- Years established:
- 60
Other Information
- Furniture / Fixtures value:
- $100,000 - included in the asking price
