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High-End Wine Only Store in Downtown Manhattan - 31280 for sale in NY

New York (NY)

Asking Price: Gross: Cash Flow:
$ 225,000 $ 486,234 $ 85,000

Business Summary:
If you're ready to move on from your high-pressured career in favor of a better lifestyle, this High-End Wine Only Store in Downtown Manhattan may be just what the doctor ordered. The seller is in tight with the local community board, so if you wanted to add liquor to the mix, your chances are good. He's owned this place for 7 years and wishes he didn't have to sell it, but his family needs him out in California right now. He's confident that his great landlord will be open to adding some years onto the six left on his lease, which escalates at just 3%, annually. His cost of goods sold is a very low 59% not only because he only sells wine, but also because he's able to pass on higher mark-ups to his well-heeled clientele. The business comes with a website that can be upgraded to facilitate internet sales, which are nil at this point. Asking just 2.65 times its verifiable cash flow, this business is a steal, especially given the affluent and hip neighborhood within which it resides and its low rent of just $4,180 per month. Please be very discreet when visiting the store, as its employees and customers don't know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a tour of the facilities. Please call 1-877-735-5224 for further information.

 

   
Number of Employees: 2 PT  
   
Owner willing to finance: 225,000.00 Down & Make Your Best All-Down Offer!  
   
Owner willing to train: Yes  
   
Reason for selling: The owner must re-locate to California to be with his family.  
   
Seller Reference Number: 31280
BusinessMart.com Listing Number: 236427
 

 

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Vested Business Brokers
631-265-7300

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