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Wine & Liquor Store Online In Kings County For Sale

Kings County, New York, US
Asking Price:
$650,000
Sales Revenue:
$1,300,000
Cash Flow:
$165,000

LHigh Volume Wine & Liquor Store plus Online Sales. Absentee Operated. The owner only comes in one day per week. The physical store is in very nice area of Brooklyn (just North of the Belt Pkwy.) The store is over 60 yrs. old. It is located on a very busy roadway with a great deal of foot traffic. In the past year storefront and online store gross sales were $1,300,000.00 (66% in-store and 33% online) with a net income of approx. $165,000.00. The margins on the online sales are higher than the brick and mortar retail store. Online sales have been growing each year. 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 11 years left on the lease at a rent of $5,000/mth. (incl. taxes). The owner has a modern POS system. This store is listed for a higher multiple as it only requires one day of the owner’s time per week. We are seeking a serious and financially qualified buyer with at least $920K in liquid funds to cover the $500K down payment plus approx. $420K in inventory. Proof of funds will be requested prior to any buyer-seller meetings. There is some negotiability, particularly for a deal paid in full at closing. Remember, even if you pay $920K upfront, a cash flow of $165K/yr for one day of work per week is roughly an 18% return on your investment. Where else can you find that kind of return today, with upside growth? To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: 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.

Business Operation

Reasons for selling:

Other investments.

Employees:
1FT
Years established:
1962

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 & $150K over 2 yrs. @ 6.5%

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$420,000

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