46-Year-Old Wine & Spirit Retailer in South FLA

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$1,050,000 $635,309

Retail: General Merchandise - Retail


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RE: 46-Year-Old Wine & Spirit Retailer in South FLA Broker: Randy Bring
License #: SL687673

Quick Facts

Asking Price: $1,050,000
Annual Revenue: $635,309
Net Profit: $98,250
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $191,420
Real Estate: Not Disclosed
Year Established: 1973
Employees: 4
BBN Listing #: 7064630
Broker Reference #: 0101209208

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Business Overview:

One of the best-known wine & spirit retailers in South Florida is now available for acquisition. Offered for sale by the original owner after 46 years of successful operation, this Seller is ready to retire and transition this wine & liquor super store to new management. 5,000 SF of wall to wall liquors with a world class wine selection and substantial back up inventory. GM likely to stay post sale. Seller owns building, which also produces significant additional revenue. Buyer can purchase the building, lease the space as-is, lease a smaller space in the same building or relocate the business entirely. $708,580 (cost) inventory included as is 4COP liquor license. Virtually no advertising or promotional events done in many years. The upside to this business, having been on cruise control, is amazing. Buyer prospects must provide PFS/proof of funds to listing Broker prior to disclosure. 2019 financial information is part year through Nov. 30th. Financials include rent adjust to fair market rent. Please refer to listing #0101209208 & ask for Randy Bring when inquiring.

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Property Features and Assets:

5,000 square feet freestanding building @ $8,750/month OR Buyer can purchase real estate from Seller for $4M.

Market Competition and Expansion:

Unknown/Unlimited.

Reason for Selling:

Retirement

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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