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Well Established Liquor Store - Upper Westside
Location: United States -> New York -> New York City Area -> Manhattan
Industry: Food and Beverage > Liquor Stores




Business Summary

Well-established liquor store for sale on Manhattan's Upper Westside retails wine (70%) and liquor (30%) to an upper middle class clientele. Business is located on a very active thoroughfare that has seen the recent addition of two major condominium projects two blocks south of the store. A new ten year lease with favorable terms and rent for the area has been newly signed. This opportunity has tremendous upside by expanding deliveries and offering an internet presence.

FACILITIES / TERMS of LEASE:
Very Active Main avenue on Manhattan's Upper Westside. with a Great Deal of Foot Traffic as well. Also, a recent addition of two major condominium projects two blocks south of the store.

This Very Clean 1,500 sq ft store Mulit-Story Building. A new ten year lease with favorable terms and rent for the area has been newly signed.

Lease: $13,275/month - expires 7/31/2020 with 10 yr Option

MARKET SHARE:
There are no other major liquor stores in the immediate area.

Retails wine (70%) and liquor (30%) to an upper middle class clientele.

Regular customer base as well as walk-ins. Even in today's Economic times, the business has shown a STEADY STREAM OF CUSTOMERS!

GROWTH POTENTIAL:
Limitless and Outstanding opportunities for growth!

This Opportunity Has Tremendous Upside By Expanding Deliveries And Offering An Internet Presence. Adding a Website / E-commerce plus Additional Advertising and Marketing With Incentives Can Take This Store To The Next Level.

ASKING: $250,000


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $650,000
Cash Flow:   $75,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1960
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks training at no cost.
Reason For Selling:  Retiring.




Print Listing Id: 700139245
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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