Hot Listing
Manhattan's UES turnkey absentee opportunity
Business Description
Established Manhattan Upper East Side liquor store presents an exceptional turnkey investment opportunity. Located at the same prime location for over 30 years, this profitable business generates $1,300,000 in annual revenue with $275,000 in cash flow.
Business Overview:
This well-established liquor store has operated successfully under current ownership for 15 years, benefiting from decades of community presence. The 600 square foot retail space operates as a neighborhood staple with consistent customer loyalty and strong foot traffic patterns.
Financial Performance:
- Annual Revenue: $1,300,000
- Cash Flow: $275,000
- Inventory Value: $300,000
- Monthly Lease: $6,400
- Lease Term: Through September 2030
Location Advantages:
Situated in Manhattan's desirable Upper East Side, the business enjoys a grandfathered position in a growing neighborhood. The location generates 99% of revenue from customers within two blocks, demonstrating exceptional neighborhood loyalty.
Operational Benefits:
Currently operated as an absentee-owned business, this turnkey opportunity requires minimal hands-on management. The established systems and loyal customer base provide operational stability with proven profitability.
Growth Potential:
Significant untapped opportunities exist for revenue expansion. Current online presence accounts for less than 5% of sales, indicating substantial potential through delivery app partnerships, enhanced website functionality, and targeted marketing initiatives like customer newsletters.
Owner Support:
The retiring owner offers comprehensive training and support, bringing over 15 years of industry experience to ensure smooth transition.
This rare opportunity combines the stability of an established neighborhood business with the growth potential of Manhattan's dynamic retail market.
A non-disclosure agreement will be required for further details.
Business Overview:
This well-established liquor store has operated successfully under current ownership for 15 years, benefiting from decades of community presence. The 600 square foot retail space operates as a neighborhood staple with consistent customer loyalty and strong foot traffic patterns.
Financial Performance:
- Annual Revenue: $1,300,000
- Cash Flow: $275,000
- Inventory Value: $300,000
- Monthly Lease: $6,400
- Lease Term: Through September 2030
Location Advantages:
Situated in Manhattan's desirable Upper East Side, the business enjoys a grandfathered position in a growing neighborhood. The location generates 99% of revenue from customers within two blocks, demonstrating exceptional neighborhood loyalty.
Operational Benefits:
Currently operated as an absentee-owned business, this turnkey opportunity requires minimal hands-on management. The established systems and loyal customer base provide operational stability with proven profitability.
Growth Potential:
Significant untapped opportunities exist for revenue expansion. Current online presence accounts for less than 5% of sales, indicating substantial potential through delivery app partnerships, enhanced website functionality, and targeted marketing initiatives like customer newsletters.
Owner Support:
The retiring owner offers comprehensive training and support, bringing over 15 years of industry experience to ensure smooth transition.
This rare opportunity combines the stability of an established neighborhood business with the growth potential of Manhattan's dynamic retail market.
A non-disclosure agreement will be required for further details.
About the Business
- Years in Operation
- 15
- Employees
- 6 (3 Full-time, 3 Part-time)
- Facilities & Assets
- A Manhattan UES location. Five years left on a ten year lease. Landlord is open to a new ten year lease. 400sf basement storage provides ample space to buy the deepest deals and keep margin.
- Market Outlook / Competition
- Existing location has been a liquor store for decades, 15 years with the current ownership. Grandfathered into the growing neighborhood that has seen new churches and new schools in the area that restrict new competition.
- Opportunities for Growth
- The website accounts for less than 5% of revenue and 99% of the revenue comes from within two blocks of the shop. There is opportunity to partner with delivery apps, create a newsletter, add functionality to the website etc.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 600
- Rent
- $6,400.00 per month
- Lease Expiration
- 9/30/2030
About the Sale
- Seller Motivation
- Pending retirement and relocation.
- Transition Support
- Owner will offer support and training. 15 plus years in the business.
Listing Info
- ID
- 2412041
- Listing Views
- 29
Listing ID: 2412041 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.
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