Price Drop! Craft Beer Retailer & Tap Room
New York, NY New York County
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- RE: Price Drop! Craft Beer Retailer & Tap Room
- Contact: Carey Davis
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $670,039 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $242,161 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 5 | |
| BBN Listing #: | 113235879 | |
| Broker Reference #: | 70841-748910 |
Business Overview:
One-of-a-Kind NYC Craft Beer Purveyor. This business is an award-winning craft beer retailer & tasting room in one.
Friendly people, expert advice & established relationships with all local breweries & distributors.
Over 300 brews, half of which are exclusive! Fully automated POS & internal procedures making running this shop carefree.
High rating on all major websites, (Google, Yelp, Trip Advisor, Extra). Established Instagram with weekly updates.
Retail plus on-premise plus sidewalk tables. 780' x 450' basement. There are fewer than one dozen craft beer purveyors in all of NYC! This one in Manhattan is in a great location
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Property Features and Assets:
After a stunning $250,000 build-out, the store launched in 2016 with first year sales of $469,988. 2017 showed terrific growth to $561,172. 2018 projected: $670,000- that's nearly 20% growth per year! Highest quality construction, draft-lines, refrigeration, long-wood tasting table, outdoor seating,
Market Competition and Expansion:
When you flip this absentee-owned business to owner-operator you've got the key to $800,000 sales in 2019 and an owner benefit of over $240,000. There are no other craft beer retailers in this part of Manhattan. Great location. After work weekdays is prime time for 'grab and go' plus relaxed tastings with locals, tourists. It's a happy place. That's beer!
Reason for Selling:
relocating
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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