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Busy Liquor and Wine Business

$ 759,000
Description

This high volume liquor store increases in sales each and every month. It’s surrounded by tons of commercial and residential real estate around just minutes from Long Island. It’s been established at this location for about 6 years which has created a strong base of local and loyal clientele. Owner has updated and renovated the store and maintains this place like clockwork.

50/50 Wine and Liquor Sales
8 years remaining on lease

State/County: ,
Country: United States
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Property Id : 496
Price: $ 759,000
Gross Revenue: $1,420,000
Employees: 2
Competition: Open later than the competition. Rent/Taxes/CAM is about 5 percent of sales!
Facilities: 1000 sq ft retail location on main avenue. There is a full basement with inventory. Additional storage space as well.
Cash Flow: $300,000
Inventory: $650,000* Not included in asking price
Reason for Selling:: other business
Support & Training: Yes owner will train and support
Established: 2013
EBITDA: $300,000
Growth & Expansion: This store is being ran by employees. There is so much upside here for an owner operator to take over
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