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This Business has been Sold!
Closing Date: 01/27/2023
Broker: Syed Ahmed
Business for Sale Summary

Local Spirits Shop for sale in NY - 34570

Business Type: gift and specialty retail,misc. retail/non-classifiable,liquor store/ wine
Sold
Local Spirits Shop for sale in NY
On January 27th 2023, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
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.

Financial Information (non-confidential)

General Information
Asking Price $240,000 Down Payment $240,000
Gross Revenues $610,000 Lease Remaining Register Free to View
Owner’s Cash Flow $81,000 Number of FT Employees Register Free to View

Financing

$240,000 Down and

Business Description

This wine & liquor business is located on a very busy strip mall on Long Island. Its size is 1700 sq. ft. the surrounding area is very affluent; sells 70 % wine and 30 % liquor.Because of the rich area, a high profit margin through wine. Has lotto too. The seller wants to retire. An excellent opportunity for a buyer who wants to run by himself. Gross sale is over $600,000 a year. The seller's net cash flow, after deducting all the expenses, is over $80,000 a year. Call Syed at 631-374-7676 for more information.

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.