RETAIL LIQUOR STORE FOR SALE IN SOHO, MANHATTAN, NEW YORK 10013.
80-92 VARICK ST, NEW YORK, NEW YORK 10013
ASKING $799,999
AMAZING BUSINESS OPPORTUNITY! FULL SERVICE WELL ESTABLISHED PROFIT MAKING LIQUOR BUSINESS! 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, 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 (70%) wine and twenty (30%) liquor sales, which results in a solid net income to the owner.
This is an excellent opportunity to own a 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. Owner will assist with transition and hold a note for qualified buyer. Owner financing is available.
