Retail Liquor Business For Sale in Soho, Manhattan, New York 10013.
Successful Boutique Liquor Retail Store located in an appealing, high traffic location in Manhattan. This modern wine retailer has reinvented the wine-buying experience and differentiated itself from neighboring wine stores. Business has been in operation for over 10 years and has nurtured an extremely loyal customer base. A remarkable 93% of business is repeat business, resulting in very strong average transactions.
Owner has implemented a proven and profitable business model, with 40% gross profit margins, consistent annual gross income of approximately $455 K for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (40% gross margin vs industry standard of 33%). The business sales consist of eighty (75%) wine and twenty (25%) liquor sales, which results in a solid net income to the owner. Liquor store has superb relationships with suppliers where 90% of the wines and liquors sold at this business are only available locally in local restaurants, and are not carried by other wine (or liquor) retailers.
This is an excellent opportunity to own a highly successful Wine Store with a turnkey successful business model that has tremendous upside.
Approximate Annual Total Net Income (cash flow): $255,000.
Key Money: 799,999.00
Seller will assist with transition and hold a note for qualified buyer. Owner financing is available.
