Boutique Wine & Spirits Shop in Manhattan - 32407 Business Type: owner financing available,liquor store/ wine
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $360,000 | Down Payment | $270,000 |
| Gross Revenues | $1,567,998 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $97,530 | Number of FT Employees | Register Free to View |
Financing
$270,000 Down and $90,000.00 at 7% over 18 moths
Business Description
Established 14 years ago, this Boutique Wine & Spirits shop in a trendy section of Manhattan specializes in small-production, earth-friendly wines from around the world. It supports smaller, family-run vineyards where true passion and generations of pride go into the winemaking -- where quality is still valued over quantity. The owner, who spends at most 10 hours/week at the shop, has a knowledgeable staff there that basically runs it for him. Should you decide to be more hands on, you could put more money in your pockets through possible staff reductions and continuing to improve the store's already superb customer service. You will find a fine selection of spirits there as well, including small batch whiskeys, which are all the rage these days. Wines and champagnes account for about 85% of sales and spirits around 15%. 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 either call, text or email the listing broker, Jay Goldman, to make an appointment to meet with the owner and get a full tour of the facilities. Mr. Goldman can be reached at either 917-912-3282 or jaygoldman@vestedbb.com.
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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