5 yrs of profitability Wine & Liquor Store in a High Traffic Location Poughkeepsie, NY
Listing: #NYC00102
Kingsley Allison
Broker | New York City
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About this Business for sale in Poughkeepsie
5 yrs of profitability Wine & Liquor Store in a High Traffic Location Poughkeepsie, NYGrowing liquor store with plenty of room for additional retail space
Established Liquor Store in a busy mall, priced to sell ($1,700,000 in Sale) 2021. Located in a neighborhood Shopping center with tremendous traffic count and plenty of easy access to parking. The store has an excellent mix of wine and liquor with good margins.
The current owner has no knowledge of to power of digital media so the new owner can bring this place to a new level by adding a website, digital marketing, and delivery service. Inventory is approximately $650,000 in inventory. Be ready, willing, and able to buy this liquor store to move forward. Please be ready to sign an NDA when inquiring about this business.
Lease: Five years plus a five-year option
Hours of Operation: Monday - Saturday 9:00 AM. - 7:00 PM, Sunday 12:00-6:00 PM.
4,200 sq. ft. of retail and storage at the back of the store for inventory
Asking Price:$790,000
Cash Flow:$216,000
Gross Revenue:$1,700,000
FF&E:$70,000
Inventory:$650,000*
Rent:$9,670 per Month
Established:2017
*not included in the asking price.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.