Business for Sale Overview:
Fantastic Liquor Store in Suffolk County. This store has been a community landmark since 1930. The current owner has been there for over 30 years. He is only in the business 6-9 hours per week! Located on a very high traffic roadway, this business boasts Gross Sales of approximately $529,000 with a Cash Flow of approximately $55,000 (Run Absentee), $80,000 (with a Full Time Owner/Operator). These sales are consistent with 2007 sales. This is a stand-alone building with a 300 square feet basement and a 600 square feet, one bedroom apartment above the store. The store itself is 1,100 square feet. The current owner owns the property and the business and would be willing to offer a 10 year lease (with an option to buy the property) hat's a phenomenal deal. Even better, the seller is asking for only $100,000 down (plus inventory, approximately $150,000) to get in the door. He is willing to hold a $79,900 note for 5 full years. This is a great deal.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
owner is relocating
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.