Wine & Liquor Store Upscale Kings County 31461

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$499,000 $1,778,546

Food & Beverage: Liquor Stores


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RE: Wine & Liquor Store Upscale Kings County 31461 Broker: Jay Goldman
Owner Financing is Available!
$399,000.00 Down & $100,000 at 6% over 24 months in seller financing to qualified purchasers.

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,778,546
Net Profit: Not Disclosed
Cash Flow: $158,254
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 8
BBN Listing #: 72424447
Broker Reference #: 31461

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Business Overview:

This High-End Wine & Liquor Store in an Upscale Brooklyn Neighborhood was established in the early 80s and has had just two owners since then. Will you be its third? The seller is the landlord and not only stands ready to give you a brand new 10 year lease starting out at just $6,500/month, escalating at only 3%, annually, but is also willing to give you the right of first refusal on the property. The store itself contains 2,000 square feet of retail space and another 1,600 square feet for inventory storage in its dry basement. Just two months of rent security are required. Financials are completely verifiable. Gross margins are higher here than in most wine & liquor stores because this one sells about twice as much wine than it does spirits. The staff is paid hourly, except for the owner and a manager. Generally, there are two people in the store at all times, a third during delivery hours and for closings, and a fourth during busy Friday and Saturday evenings. The store is open from 10am-10pm Monday - Friday and noon-8pm Sunday. A new owner could cut the payroll down by working the front of the house more than the current one does. There is a main manager, 2-3 additional shift managers/ key holders who can open/close, 2-3 drivers/stockers, and usually 1-2 sales/ stockers. The staff is a team and, even though each employee has his/her area of focus, everyone jumps in when and where needed.Please be extremely discreet upon visiting the store, as its employees and customers do not know it is for sale. Do not ask to speak with the owner, but rather contact the listing broker, Jay Goldman, who will then arrange for the seller to give you a full tour of the facilities and answer some of your questions. Did I mention that the seller is willing to give you the right of first refusal to purchase the property? This one won't last long! Please contact the broker or email us.

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Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • The owner is not 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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