HS Listing ID-72296

Asking Price: $425,000

Annual Figures:

Gross Revenue: $1,167,499.00

Gross Profit: $475,409.00

SDE (Net): $129,171.00

Annual Expenses:

All Expenses Available upon execution of a signed NDA.

Rent: $123,347.65 ($10,278.97/Monthly)

Business Highlights

• Established Long Island City wine and spirits store operating since 2006, with current ownership since 2016

• Approximately 40% gross profit margin

• Well established reputation specializing in fine wines and curated selections, offering higher margins than traditional liquor stores

• Diverse inventory sourced from approximately 40 wine and spirits vendors

• Sales mix consists of approximately 80% wine and 20% spirits

• Fully staffed with 3 employees all FT , absentee operated business requiring minimal owner involvement

• Long tenured staff in place, including one employee with 10 years and two employees with 5 years, providing operational continuity for a new owner

• Current inventory typically ranges between $170,000 – $180,000, depending on the season (Sold separate)

• Approximately 4.5 years remaining on the current lease, with the seller willing to pursue a 10 year lease extension for a qualified buyer

• Financial records are maintained in QuickBooks Growth Opportunities

• Expand online marketing and local customer outreach to increase market share

• Introduce additional premium wines, rare spirits, and exclusive product offerings to further enhance margins

• Increase corporate, holiday, and special event gifting programs

• Grow relationships with local restaurants, hospitality businesses, and event planners

• Expand seasonal inventory and promotional offerings during peak holiday periods to maximize revenue and profitability

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION