Wine & Liquor Store in Busy Bklyn Neighborhood
Kings County, NY

Financing: $300,000.00 Down and The asking price is for 50% of the business

Reason for Selling:Retirement

This wine & liquor store is just a few steps from one of Brooklyn's busiest intersections and transportation hubs. Its two partners have been at this location for 33 years. One of them wants to retire now and is willing to sell his 50% stake to you for $300K, plus his share of the inventory. The other partner will consider selling, if you are willing to keep him on as an employee for another 3 years. You would be well advised to do so, as he provides excellent customer service and can teach you everything you need to know about ordering wines & spirits from distributors. For 1,200 square feet of retail space at street level and another $1,200 square feet used for storage in a clean and dry basement, your share of the rent will start out at $2,500/month with a 10 year lease. The partners own the property and will give you right of first refusal when they are ready to divest it. The financials profiled here are for the whole business. The asking price and estimated inventory value are for 50% of it. In 2014, lotto accounted for $72K of the profits. Store hours capitalize on customers coming home from work in both the morning and the evening. The interior of the store could use some sprucing up. Please become a premium member at www.vestedbb.com to receive the address of this Wine & Liquor Store to do a discreet walk by, then email or call Senior Vested Business Broker Jay Goldman (jaygoldman@vestedbb.com or 646-670-1961) for an appointment to take a full tour and speak with the seller.

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