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Vino Fine Wine and Spirits: Store for sale in New York, NY

New York, New York (NY)

Asking Price: Gross: Cash Flow:
$ 500,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
(included in the asking price)

Business Summary:
Vino Fine Wine and Spirits is a boutique retail store located on E. 27th St. in Manhattan. Vino specializes in small-production wines and spirits with a particular emphasis on Italy. Vino was established in 2000 by Nicola Marzovilla, owner of the acclaimed Italian restaurant I Trulli. Vino was designed by noted architect and Pratt professor Giuliano Fiorenzoli. His masterful use of color, texture and light add warmth and elegance to a loft-like, 1500 square-foot, ground-floor space. Many customers have remarked over the years that Vino is the most beautiful wine store in New York City.

 

   
Year Business was Established: 2000
   
Number of Employees: 5  
   
Facilities / Terms of Lease: The store is equipped with a Windows-based POS running Quickbooks that was purchased two years ago. There is a fully-functioning and up-to-date e-commerce package by Magento running www.vinosite.com. The website was designed by Argoworks. A Wordpress-based informational site is integrated into the e-commerce platform. All updating of the POS and website are done by store personnel proficient in Windows. Vino maintains a database of almost 8000 email addresses that is updated weekly. Long lease.  
   
Potential Growth/Expansion: Vino is a full-service wines-and-spirits retailer located on the busy block of 27th St. between Park Avenue South and Lexington Avenue. Vino shares the block with Danny Meyers’ Blue Smoke/Jazz Standard, BR Guest’s Primehouse, I Trulli and several other successful small businesses. The immediate area, which is serviced by the 6 train at 28th and Park, has boomed in recent years with the addition of The Gansevoort Park Hotel, several high-rise condominium buildings and the emergence of Madison Square Park as a destination for restaurants and recreation. A high concentration of Indian restaurants (many BYO) on Lexington Avenue between 26th and 29th streets also brings many people to the neighborhood.  
   
Competition: Vino has been among the Zagat Marketplace/Food Lover’s Guide top-rated wine stores for six consecutive years. In 2010 it achieved a 28-point rating behind only Burgundy Wine Company, Sherry-Lehmann and Moore Brothers. It has earned renown in NYC and throughout the country for its unique focus on the wines of Italy and, in recent years, for its superb selection of artisanal spirits and wines from around the world.  
   
Owner willing to finance: Yes  
   
Owner willing to train: Yes  
   
Seller Reference Number: bm829586758
BusinessMart.com Listing Number: 109472
 

 

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