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Boutique Wine And Spirits Shop In Nyc For Sale

New York County, New York, US
Asking Price:
$600,000 (USD)
Sales Revenue:
$2,480,416 (USD)
Cash Flow:
$160,089 (USD)

LISTING ID # 33547

This Absentee-Run Boutique Wine & Spirits Shop is located in one of the most upscale and frequented neighborhoods in Manhattan. The owner, who used to spend at most 10 hours/week at the shop, has visited the store just one day/month since the Covid-19 pandemic broke out in March 2020. He has a knowledgeable staff that basically runs the store for him, while keeping his finger on the pulse of the business from afar. Should you decide to be more hands-on, you could put up to another $100K in your pocket through staff reductions and continue to improve the store's already superb customer service, as the owner only can. It specializes in small-production, earth-friendly wines from around the world and supports smaller, family-run vineyards, where true passion and generations of pride go into the winemaking -- where quality is still valued over quantity. You will find a fine selection of craft-spirits there as well, including small-batch whiskeys, which are very popular these days. Of course, you can transform the product mix to your liking once it's yours. The rent escalates at just 2.25%, annually. Rent and RE taxes combined average out at about $25K/month. The financials reflected here are now for 2020. Gross revenues and cash flow were up 18% and 39% over 2019's, respectively. 2021 has also started out strongly. Upon visiting the location, please do not say anything to the employees or customers, as they do not know the business is for sale. Then, kindly email the listing broker, Jay Goldman, to make an appointment to speak with the owner and then get a full tour of the facilities. Mr. Goldman can be reached at . If you are new to Vested Business Brokers, please become a free registered buyer under listing 33547 at . To obtain its address, kindly upgrade to premium membership on our website.

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For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33547 for instant access to this business information.

Business Operation

Reasons for selling:

The seller is moving to another region of the country

Employees:
6FT/3PT
Years established:
2013

Other Information

Support & training:

Seller will train

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

450,000.00 Down & The seller is willing to finance up to $150,000.00 at 6% over 24 months for qualified buyers.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$225,000 (USD)

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