933 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$600,000
Revenue$2,480,416 Established2013
Cash Flow$160,089 Employees6 full, 3 part
FF&E$150,000 FranchiseNo
Inventory$225,000 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 used 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 in March 2020. He has a knowledgeable staff that basically runs the store for him, while keeping his finger on the pulse of the business from afar. Should you decide to be more hands-on, you could put up to another $100K in your pocket through staff reductions and continue to improve the store's already superb customer service, as the owner only can. 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 reflected here are now for 2020. Gross revenues and cash flow were up 18% and 39% over 2019's, respectively. 2021 has also started out strongly. 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:450,000.00 Down & The seller is willing to finance up to $150,000.00 at 6% over 24 months for qualif
Sale Reason:The seller is moving to another region of the country
Ad #126145
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