Wine & Liquor Store plus Online Sales - 31524 Business Type: internet consumer services (b2c),misc. internet/technology/non-classifiable,other eating & drinking places,owner financing available,liquor store/ wine
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $575,000 | Down Payment | $425,000 |
| Gross Revenues | $1,600,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $300,000 | Number of FT Employees | Register Free to View |
Financing
$425,000 Down and $150K over 5 yrs. @6% for a qualified buyer with good credit and a personal guarantee. THE SELLER WILL EXTEND A 10% DISCOUNT FOR A DEAL WITH NO SELLER FINANCING!
Business Description
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. In the past year storefront and online store gross sales were $1,550,000.00 (70% in-store and 30% online) with a net income of approx. $300,000.00. (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 $595K in liquid funds to cover the $425K down payment plus approx. $170K in inventory. The seller will extend a 10% price discount for a deal that is paid in full at closing with no seller financing. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. 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@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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