779 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$460,000
Revenue$2,097,566 Established2014
Cash Flow$114,621 Employees6 full, 2 part
FF&E$150,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 33547

This Absentee-Run Boutique Wine & Spirits Shop is located in one of the most upscale and frequented neighborhoods in Manhattan. The owner, who use to spend at most 10 hours/week at the shop, has visited the store just one day/month since the Covid-19 pandemic broke out here in March 2020. He has a knowledgeable staff that basically runs the store for him, while keeping his finger on the pulse from afar.Should you decide to be more hands-on, you could put up to another $100K in your pocket ($200K plus ) through staff reductions and continue to improve the store's already superb customer service. It specializes in small-production, earth-friendly wines from around the world and supports smaller, family-run vineyards, where true passion and generations of pride go into the winemaking -- where quality is still valued over quantity. You will find a fine selection of craft-spirits there as well, including small-batch whiskeys, which are very popular these days. Of course, you can transform the product mix to your liking once it's yours. The rent escalates at just 2.25%, annually. Rent and RE taxes combined average out at about $25K/month. The financials shared here are for the calendar year ending 2019. So far, 2020 numbers are running ahead of 2019's and that will probably be the case through 2021.Upon visiting the location, please do not say anything to the employees or customers, as they do not know the business is for sale. Then, kindly email the listing broker, Jay Goldman, to make an appointment to speak with the owner and then get a full tour of the facilities. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested Business Brokers, please become a free registered buyer under listing 33547 at www.vestedbb.com. To obtain its address, kindly upgrade to premium membership on our website.

Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33547 for instant access to this business information.
Training/Support:Seller will train
Seller Financing:370,000.00 Down & The seller is willing to finance $90,000.00 for qualified purchasers.
Sale Reason:Retirement
Ad #123283
Seller Reference #33547
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Vested Business Brokers
Vested Business Brokers
877-735-5224
Name
Email Address
Message