Wine & Liquor Store-27440

Kings County, NY
Kings County

Asking Price: Annual Revenue:
$300,000 $1,100,000

Food & Beverage: Liquor Stores

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RE: Wine & Liquor Store-27440 Broker: Jay Goldman

Quick Facts

Asking Price: $300,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $162,400
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 12504447
Broker Reference #: 27440

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Business Overview:

This wine & liquor store is just a few steps from one of Brooklyn's busiest intersections and transportation hubs. Its two partners have been at this location for 33 years. One of them wants to retire now and is willing to sell his 50% stake to you for $300,000, plus his share of the inventory. The other partner will consider selling, if you are willing to keep him on as an employee for another 3 years. You would be well advised to do so, as he provides excellent customer service and can teach you everything you need to know about ordering wines & spirits from distributors. For 1,200 square feet of retail space at street level and another $1,200 square feet used for storage in a clean and dry basement, your share of the rent will start out at $2,500/month with a 10 year lease. The partners own the property and will give you right of first refusal when they are ready to divest it. The financials profiled here are for the whole business. The asking price and estimated inventory value are for 50% of it. In 2014, lotto accounted for $72,000 of the profits. Store hours capitalize on customers coming home from work in both the morning and the evening. The interior of the store could use some sprucing up.

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Reason for Selling:

Other Business Interests

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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