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High Volume Liquor Business for sale in NY

New York (NY)

Asking Price: Gross: Cash Flow:
$ 895,000 $ 2,788,000 $ 307,000

Furniture and Fixtures Value:
$ 375,000 (included in the asking price)

Inventory Value:
$ 550,000 (not included in the asking price)

Business Summary:
Mega retail liquor business located in a major commercial mall in the Rockland / Orange County, New York. The facility consists of 10,000 square feet with an ultra modern image and designed to facilitate a high volume of Wine & Liquor sales. The facility has a huge selection of wines and liquors including a private wine section for specialized products. The store also has a convenient loading dock, private offices and substantial storage. This particular mall has a large number of national retail stores that attract a huge volume of shoppers and workers. This particular mall is also scheduled to expand with additional retail stores which will further increase the business gross income. The business has a 2010 gross income of $2,788,000 and a net income of $307,000 to the owner operator. The business equipment includes walk in refrigerators, a van for delivers, numerous displays and counters, POS computer system, phone system, forklift, and is fully equipped to conduct any level of activity. The facility has a legal capacity for 250 customers consisting of 10,000 square feet on one floor. Substantial private mall parking is on the site and part of the lease agreement. The business is active seven (7) per week with hours from 10:00 am to 10:00 pm. The business has a valuable Distribution Liquor licensed which allows liquor sales to the public. The sale included an eight year lease term plus additional options, gross yearly rent of $189,812. This Liquor retail business has an excellent mark up due to the high percentage of wine sales, offers a delivery service to its customers and has an average inventory of approximately six hundred thousand dollars.

 

   
Year Business was Established: 1995
   
Number of Employees: 6  
   
Facilities / Terms of Lease: The facility consists of 10,000 square feet with various sections for different products, a full loading dock, various private offices and substantial mall parking. The facility has abundant shelving space, a huge selection of products including separate rooms reserved high end wines. Located in a highly active commercial mall with numerous businesses including national retailers that attract tens of thousands of shoppers yearly.  
   
Potential Growth/Expansion: With an improved marketing plan & upgrading the delivery service this business can be further developed representing a greater cash flow.  
   
Competition: No other competitor liquor businesses exist in this general area and a non compete agreement will be supplied by the seller and mall landlord.  
   
Owner willing to finance: Seller financing is available for a qualified purchaser.  
   
Owner willing to train: The owner will supply a full transitional period and remain post closing for 30 days.  
   
Reason for selling: The owner is Retiring after many successful years in this liquor retail industry.  
   
Seller Reference Number: LQST164
BusinessMart.com Listing Number: 112766
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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