Owner Financing is Available!
Business Overview:
- 30 year old wine and liquor business on busy avenue, Brooklyn.
- 2011 sales: Gross $1.6+ Mil. No lotto, cigarette being sold.
- Absentee ownership operation. If owner operates, sales and profit get increased.
- Lease: 10 years with fixed flat rent real estate tax included. (Seller rented whole property those are liquor store and 2 apartments on 2nd floor at $7,000 for 10 years flat rent. Long time tenants pay $1,500 and $1,600 respectively so liquor store pays only $3,900 for 10 years).
- Average Monthly Operating Expense: $12,375.
- Average Annual Operating Expense: $148,500.
- Inventory: $200,000 - $250,000. (Sellers financing available to approved credit).
- Average Annual Net Income: $250,000.
- Asking price of Business: $650,000 + inventory (Owner financing available)
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.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.