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Wine And Liquor Store Plus Online For Sale

Kings County, New York, US
Asking Price:
$599,000 (USD)
Sales Revenue:
$1,400,000 (USD)
Cash Flow:
$240,000 (USD)

LISTING ID # 31524

High Volume Wine & Liquor Store plus Online Sales. The physical store in very nice area of Brooklyn (just North of the the Belt Pkwy.) The store is over 60 yrs. old (the current owner has been here for 18 yrs.) It is located on a very busy roadway with a great deal of foot traffic. This years storefront and online store gross is expected to be approx. $1,400,000.00 (70% in-store and 30% online) with a net income of approx. $240,000.00. (the margins on the online sales are higher than the brick and mortar retail store). Online sales have been growing 20-25% each year. The online growth has been even faster due to Covid. 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 10 years left on the lease at a rent of $4,630/mth. (incl. taxes). The owner has a modern POS system. We are seeking a serious and financially qualified buyer with at least $620K in liquid funds to cover the $450K down payment plus approx. $170K in inventory. To learn more, please call or email Mel Vaz today at All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-26938 for instant access to this business information.

If interested, please contact the seller through the form on this page.

Business Operation

Reasons for selling:

Other Interests.

Employees:
1FT/3PT

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 & $149K over 5 yrs. @6% for a qualified buyer with good credit and collateral.

Furniture / Fixtures value:
$50,000 (USD)
Inventory / Stock value:
$170,000 (USD)

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