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High-end Wine And Liquor Store In Brooklyn For Sale

Brooklyn, New York, US
Asking Price:
$475,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,778,546 (USD)
Cash Flow:
$158,254 (USD)

This High-End Wine & Liquor Store in an Upscale Brooklyn Neighborhood was established in 1983 and has had just two owners since then. Will you be its third? The seller is the landlord. She is not only willing to give you a brand new lease starting out at just $6,500/month escalating at only 3% annually, but is also willing to give you the right of first refusal on the property, which the previous owner had given her and she ultimately exercised. The store itself contains 2,000 square feet of retail space and another 1,600 square feet for inventory storage in its dry basement. Just two months of rent security are required. Financials are completely verifiable. Gross margins are higher here than in most wine & liquor stores because this one sells about twice as much wine than it does spirits. Please be extremely discreet upon visiting the store, as its employees and customers do not know it is for sale. Do not ask to speak with the owner, but rather contact the listing broker, Jay Goldman, who will then arrange for the seller to give you a full tour of the facilities and answer some of your questions. Did I mention that the seller is willing to give you the right of first refusal to purchase the property? This one won't last long!

Property Information

Real Estate:

Lease

Size in square feet:
2,000

Business Operation

Reasons for selling:

personal

Employees:
5
Years established:
35 years

Other Information

Support & training:

seller will train

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

375,000.00 Down & $100K at 6% over 24 months in seller financing to qualified purchasers.

Furniture / Fixtures value:
$200,000 (USD) - included in the asking price
Inventory / Stock value:
$375,000 (USD)

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