Boutique Wine & Spirits Shop in Manhattan - 32407

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Boutique Wine & Spirits Shop in Manhattan - 32407
Asking Price:
$360,000

Gross Revenue:
$1,567,998
Cash Flow:
$97,530
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
not included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Established 14 years ago, this Boutique Wine & Spirits shop in
a trendy section of Manhattan specializes in small-production,
earth-friendly wines from around the world. It supports smaller,
family-run vineyards where true passion and generations of pride
go into the winemaking -- where quality is still valued over quantity.
The owner, who spends at most 10 hours/week at the shop, has a
knowledgeable staff there that basically runs it for him. Should you
decide to be more hands on, you could put more money in your
pockets through possible staff reductions and continuing to improve
the store's already superb customer service. You will find a fine
selection of spirits there as well, including small batch whiskeys,
which are all the rage these days. Wines and champagnes account
for about 85% of sales and spirits around 15%. Upon visiting the
location, please do not say anything to the employees or customers,
as they do not know the business is for sale. Then, kindly either call,
text or email the listing broker, Jay Goldman, to make an appointment
to meet with the owner and get a full tour of the facilities. Mr. Goldman
can be reached at either 917-912-3282 or jaygoldman@vestedbb.com.

About the Business

Location:
New York County, New York
Year Established:
2005
Number of Employees:
4ft/3pt
Website:
www.vestedbb.com/lid-32407
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About the Sale

Reason For Selling:
Other Interests
Training/Support:
Seller Will Train
Seller Financing:
270,000.00 Down & $90,000.00 at 7% over 18 months

Listing Info

ID:
1645666
Ad Detail Views:
676

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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