Wine And Liquor Store In New York For Sale

Business description

Wine & Liquor store on busy street with plenty of traffic. They sell more wine then liquor and they have a high margin on the wine with a 50% to 100% mark up depending upon the brand. Rent is only $3,694/month for 1600 sq. ft. Easy business to operate and low overhead. Owner is 68 years old and is ready to retire.

Business Operation

Expansion potential:

Owner has not done any advertising and has not had to do any sale price mark downs to generate more business.

Reasons for selling:

Owner has reach an age to retire after many years in the business.

Employees:

1

Years established:

1960

Other information

Support & training:

Owner will provide training and transition after the sale for a couple of weeks included in the purchase price.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$100,000 down payment plus inventory and seller will finance the balance over 3-4 years at 6% interest.

Inventory / Stock value:

$40,000