Profitable Manhattan Boutique Wine Store

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$560,000 $1,193,899

Food & Beverage: Liquor Stores

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RE: Profitable Manhattan Boutique Wine Store Broker: Kyle Griffith
Owner Financing is Available!

Quick Facts

Asking Price: $560,000
Annual Revenue: $1,193,899
Net Profit: Not Disclosed
Cash Flow: $187,000
Total Debt: Not Disclosed
FF&E: $61,112
Real Estate: Not Disclosed
Year Established: 2006
Employees: 7
BBN Listing #: 933611983
Broker Reference #: 739

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Business Overview:

Successful Boutique Wine Retail Store located in an appealing, high traffic location in Manhattan. This modern wine retailer has reinvented the wine-buying experience and differentiated itself from neighboring wine stores. Business has been in operation for over 10 years and has nurtured an extremely loyal customer base. A remarkable 93% of business is repeat business, resulting in very strong average transactions. Wine store has a database of over 17,000 customer names that can be used for micro targeting ads. Store also has it’s own branded Smartphone App which will provide upside business for the millennial market.

Owner has implemented a proven and profitable business model, with 50% gross profit margins, consistent sales and annual cash flow ranging from $170,000 - $203,000 for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (50% gross margin vs industry standard of 33%). The business sales consist of ninety-five (95%) wine and five (5%) liquor sales, which results in a solid net income to the owner. Wine store has superb relationships with suppliers where 90% of the wines sold at this business are only available locally in local restaurants, and are not carried by other wine (or liquor) retailers.

This is an excellent opportunity to own a highly successful Wine Store with a turnkey successful business model that has tremendous upside.

Seller will assist with transition and hold a note for qualified buyer.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

600 square feet. Rent: $14,000 Lease Expires 03/01/2024.

Reason for Selling:

Owner retiring; moving on to next phase of career.

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.

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