$2.5 Million Gross Revenue Liquor Store – Upper Manhattan

Overview:
Established liquor store located on a high-traffic corner in Upper Manhattan. The store operates with 4 employees, including a manager, and occupies 1,000 sq. ft. of retail space. Featuring a strong mix of 70% liquor and 30% wine, the business benefits from additional revenue generated by lotto sales.

Financial Highlights (2024):

Gross Revenue: $2,500,000

Cash Flow: $180,000

Weekly Payroll: $3,300–$3,400

Rent: $10,000/month (including taxes)

Inventory: Approximately $200,000

Business Details:

Corner location on a main street with heavy foot traffic

2 years remaining on the lease with a 5-year renewal option

Owner takes a total of $52,000/year via check; remainder is cash (~$13,000–$15,000/month)

SBA financing available only to experienced liquor store owners; $200,000 down payment required on purchase price of $795,000 plus $250,000 inventory

Owner willing to hold a note on inventory depending on buyer’s experience

Gross revenue includes lotto sales

2023 Gross Revenue: $2,750,000

Reason for Sale:
Owner is expanding another liquor store location.

Additional Information:
Tax returns, P&L statements, and balance sheet are available in the shared Google Drive folder. Cash records can be shown in person only.