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Well Established Liquor Store - Upper Westside
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $650000
Net Profit / Cash Flow $75000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1960
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks training at no cost.
Reason for Sale Retiring.
Description Well-established liquor store for sale on Manhattan's Upper Westside retails wine (70%) and liquor (30%) to an upper middle class clientele. Business is located on a very active thoroughfare that has seen the recent addition of two major condominium projects two blocks south of the store. A new ten year lease with favorable terms and rent for the area has been newly signed. This opportunity has tremendous upside by expanding deliveries and offering an internet presence.
FACILITIES / TERMS of LEASE:
Very Active Main avenue on Manhattan's Upper Westside. with a Great Deal of Foot Traffic as well. Also, a recent addition of two major condominium projects two blocks south of the store.
This Very Clean 1,500 sq ft store Mulit-Story Building. A new ten year lease with favorable terms and rent for the area has been newly signed.
Lease: $13,275/month - expires 7/31/2020 with 10 yr Option
MARKET SHARE:
There are no other major liquor stores in the immediate area.
Retails wine (70%) and liquor (30%) to an upper middle class clientele.
Regular customer base as well as walk-ins. Even in today's Economic times, the business has shown a STEADY STREAM OF CUSTOMERS!
GROWTH POTENTIAL:
Limitless and Outstanding opportunities for growth!
This Opportunity Has Tremendous Upside By Expanding Deliveries And Offering An Internet Presence. Adding a Website / E-commerce plus Additional Advertising and Marketing With Incentives Can Take This Store To The Next Level.
ASKING: $250,000
Click Here To Contact Seller
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