Listing ID: 72296

Business Overview

Asking Price: $425,000

Annual Figures:

Gross Revenue: $1,167,499.00

Gross Profit: $475,409.00

SDE (Net): $129,171.00

Annual Expenses:

All Expenses Available upon execution of a signed NDA.

Rent: $123,347.65 ($10,278.97/Monthly)

Business Highlights

• Established Long Island City wine and spirits store operating since 2006, with current ownership since 2016

• Approximately 40% gross profit margin

• Well established reputation specializing in fine wines and curated selections, offering higher margins than traditional liquor stores

• Diverse inventory sourced from approximately 40 wine and spirits vendors

• Sales mix consists of approximately 80% wine and 20% spirits

• Fully staffed with 3 employees all FT , absentee operated business requiring minimal owner involvement

• Long tenured staff in place, including one employee with 10 years and two employees with 5 years, providing operational continuity for a new owner

• Current inventory typically ranges between $170,000 – $180,000, depending on the season (Sold separate)

• Approximately 4.5 years remaining on the current lease, with the seller willing to pursue a 10 year lease extension for a qualified buyer

• Financial records are maintained in QuickBooks Growth Opportunities

• Expand online marketing and local customer outreach to increase market share

• Introduce additional premium wines, rare spirits, and exclusive product offerings to further enhance margins

• Increase corporate, holiday, and special event gifting programs

• Grow relationships with local restaurants, hospitality businesses, and event planners

• Expand seasonal inventory and promotional offerings during peak holiday periods to maximize revenue and profitability

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $425,000
  • Cash Flow: $129,171
  • Gross Revenue: $1,167,499
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.