HS Listing ID-72296
Asking Price: $425,000
Annual Figures:
Gross Revenue: $1,167,499.00
Gross Profit: $475,409.00
SDE (Net): $129,171.00
Annual Expenses:
All Expenses Available upon execution of a signed NDA.
Rent: $123,347.65 ($10,278.97/Monthly)
Business Highlights
• Established Long Island City wine and spirits store operating since 2006, with current ownership since 2016
• Approximately 40% gross profit margin
• Well-established reputation specializing in fine wines and curated selections, offering higher margins than traditional liquor stores
• Diverse inventory sourced from approximately 40 wine and spirits vendors
• Sales mix consists of approximately 80% wine and 20% spirits
• Fully staffed with 3 full-time employees, an absentee-operated business requiring minimal owner involvement
• Long-tenured staff in place, including one employee with 10 years and two employees with 5 years, providing operational continuity for a new owner
• Current inventory typically ranges between $170,000 – $180,000, depending on the season (Sold separately)
• Approximately 4.5 years remaining on the current lease, with the seller willing to pursue a 10-year lease extension for a qualified buyer
• Financial records are maintained in QuickBooks
Growth Opportunities
• Expand online marketing and local customer outreach to increase market share
• Introduce additional premium wines, rare spirits, and exclusive product offerings to further enhance margins
• Increase corporate, holiday, and special event gifting programs
• Grow relationships with local restaurants, hospitality businesses, and event planners
• Expand seasonal inventory and promotional offerings during peak holiday periods to maximize revenue and profitability
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
