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Liquor Store, Last Real Mom And Pop Store
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $750000
Net Profit / Cash Flow $225000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 1 - 3
Inventory 250000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training The owner is also a expert on fine wines,will impart knowledge.
Reason for Sale Producing plays and writing scripts, it's a family biz and has no time for it.
Description Great Location with a bus stop on the corner. Owner is landlord and is willing to give a 10 yr lease with a 10 year option and the is a space next door he is willing to break through so you can almost double the floor plan. You guys have to see this for yourselves. You'll get the picture. Now has the opportunity to be open on Sunday's and you can expand the business hours. In addition, the owner usually closes for two month a year for vacation so there is a tremendous opportunity for growth.
Outstanding location there is a Bus stop right on the corner. Store is 1200 sq. ft. and located right in the Center of Hells kitchen, across the street from a 550 room hotel. The owner is the land lord so you have the opportunity to have a 10 year lease with a 10 year option.
Competition: Honestly this really is a home run. It has an awesome location and has been a neighborhood icon. It has been in business for 38 years at the same location. The reality is there is no competition within a 2 mile radius. Growth and Expansion: Has another space available right next store and is willing to break the wall down to expand it from 1200 sq.ft. to 2200 sq.ft.
Asking Price: $630,000.
Gross Revenue: $750,000.
Cash Flow: $225,000.
Inventory: $200,000 (Included in Asking Price).
FF&E: $50,000 (Included in Asking Price).
Seller Financing: Owner will hold small note.
Email or contact Jon Henry Quinones at 718-407-9676 for more information on this Liquor Store for sale. Prospect Contact Options: Require prospect's name, Require prospect's telephone number, Ask for prospect's available funds, Ask for prospect's time frame, and Require prospect submit standard Confidentiality Agreement.
Click Here To Contact Seller
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