How many highly successful 7,600 square foot wine and liquor stores do you know of that come with 34 years left on the lease and whose rent escalates only once every 5 years? All financials can be verified and cross-referenced between tax returns, the POS system and a manual day book. Established 11 years ago, sales and profits continue to grow and that's without offering lotto, nor making any local deliveries. Furthermore, tremendous upside exists to get into the internet delivery business of wine and liquor from this location, given the warehouse space and loading dock from which on-line orders can be fulfilled. The owners are not desperate to sell, but will entertain offers starting at $2M or more, plus inventory. They believe and I have to agree that their extra-long lease justifies a better than average multiple for the store. Please be prepared to provide Proof of Funds for the business and its inventory before being introduced to the owners. Do be very discreet when visiting the store, as the employees and customers do not know it is for sale. Please contact listing broker Jay Goldman after you have taken a look, should you have any questions and would like to make an appointment to meet with the owners. Please contact the broker at 1-877-735-5224.
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