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Asking Price$499,000
Revenue$1,778,546 EstablishedUndisclosed
Cash Flow$158,254 Employees4 full, 4 part
FF&E$200,000 FranchiseNo
Inventory$375,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
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 M-F and noon-8pm Su. 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 at 1-877-735-5224.
Seller Financing:399,000.00 Down & $100K at 6% over 24 months in seller financing to qualified purchasers.
Sale Reason:Personal
Ad #107435
Seller Reference #31461
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