Boutique Wine Store- 29352

Not Disclosed, NY
Nassau County


Asking Price: Annual Revenue:
$75,000 $203,000

Food & Beverage: Liquor Stores


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RE: Boutique Wine Store- 29352 Broker: Mel Vaz

Quick Facts

Asking Price: $75,000
Annual Revenue: $203,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 91074447
Broker Reference #: 29352

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Business Overview:

Boutique wine store for sale. *MAJOR PRICE REDUCTION* The store was re-branded as a wine boutique just one year ago, and it is paying off. This store is located in a very affluent North Shore Nassau County neighborhood. They have become the go-to experts for rare and/or unique wines. In fact, 25% of the items they carry cannot be found in any other stores in the area. Approximately 80% of their wines are sold at 100% mark-up. This is a store that does low-volume, high-margin sales. It is ideal for a wine aficionado who is not afraid of customer service. The store grossed approximately $203,000.00 in the past year. The seller keeps excellent records, and sales have been growing. The store is 800 square feet, with a 700 square feet basement. There are 11.5 years left on the lease, with a rent of only $2,900/month and 3% annual increases. It is located in a strip mall with parking. We are seeking a serious and financially qualified buyer with knowledge of fine wine and at least $125,000 in liquid funds to cover the asking price, deposits, and some of the $140,000 inventory. If you meet the criteria, please contact broker or email us. Please visit the location discreetly, and do not mention the sale to the staff.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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