Mostly Wine Sales with Potential to Expand Store Size
Located on Queens/Nassau County Borders Short Distance to JFK
Low Rent with Great Lease Terms
This is a profitable community-loved liquor store for sale walking distance from LIRR train station and a high traffic highway. The store is beautifully set-up (fully upgraded with everything new with POS and video monitoring) and located in a 900 sq. ft. of space. The current rent is only $2,349 per month with approximately 9-year remaining term on the lease. Additional space is available to expand the store at the option of buyer with negotiated terms with the landlord. The store is located next door to a major brand burger franchise on the corner with a huge parking lot.
This is a low overhead operation that’s perfect for an owner-operator couple or family members. Buyer will purchase inventory at cost in addition to the purchase price for the business. A new buyer can further boost sales and take it to the next level with a full commitment to the business and by adding lotto for substantial additional income.
The business is priced to sell to qualified buyers. Only those with proof of purchase capabilities and photo IDs (with the signed NDA) will be provided details about the business. Only serious inquiries with financials invited! Contact Dave Nagar NOW, CEO Business Brokers, Inc.
Asking Price: $199,000 Gross Revenue: $435,000Cash Flow: $75,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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 & Conditions.