$1.2 million gross absentee liquor store with parking lot in Brooklyn
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This wine and liquor store sits in a high-traffic Brooklyn retail corridor and brings in over $1.16M a year in revenue, not counting sales tax. It's fully absentee-run. Four W2 employees are in place and all revenue is documented.
The 1,000 sq. ft. store is next to a national wholesale club and shares its large parking lot, so foot traffic is steady. Rent is $5,500/month, with about 9 years left on the lease and 5% increases every 5 years. The neighboring anchor tenant pays for electric, gas and water, which keeps overhead low.
Under absentee ownership the store makes about $70-80k a year in cash flow. An owner-operator could raise the cash flow by eliminating some payroll cost. There's more room to grow because the store isn't on delivery apps and doesn't sell lottery.
Price $375,000 plus inventory of approximately $250,000
The 1,000 sq. ft. store is next to a national wholesale club and shares its large parking lot, so foot traffic is steady. Rent is $5,500/month, with about 9 years left on the lease and 5% increases every 5 years. The neighboring anchor tenant pays for electric, gas and water, which keeps overhead low.
Under absentee ownership the store makes about $70-80k a year in cash flow. An owner-operator could raise the cash flow by eliminating some payroll cost. There's more room to grow because the store isn't on delivery apps and doesn't sell lottery.
Price $375,000 plus inventory of approximately $250,000
About the Business
- Employees
- 4 Full-time
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,000
- Rent
- $5,500 per month
Listing Info
- ID
- 2557074
- Listing Views
Listing ID: 2557074 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew York Businesses for SaleNew York Food & Beverage Businesses for SaleNew York Liquor Stores Businesses for Sale
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