Profitable Absentee Wine And Spirits Store

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 full-time employees, an 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 separately) • 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