Liquor & Wine Store with Craft Beer Tap Room Next Door at Prime NYC Location

Price: $650,000

Location: New York City

Industry: Retail

Listing ID: 1068

Prime corner location in Upper Eastside proudly serving brand name and hard to find wines and fine spirits from around the world. This modern rustic wine shop carries an extensive selection of wines and liquors with a friendly and knowledgeable staff. They also have an online Shopping Cart with free delivery.  Owned by the same owner right next door is a craft beer shop serving unique brews on tap, bottles and cans. This cozy neighborhood establishment is always crowded with 10 bar stools, is dog friendly, and customers can bring their own bottles to take their favorite beers home. Open 7 days a week with 5 Star reviews on Google.

Combined sales for both businesses have gone down in the last 3 years due to owner’s illness and absence.  They are 2.6m, 2.5m, 2.1m with 3-year average EBITDA coming in at 319k but can easily be increased.  Turn-key operation with long time manager in place with 6 employees.

Reduced Price for a Quick Sale!

Listing Details

Gross Revenue: $2,400,000

EBITDA: $319,000

Reason For Sale:

Retirement

Training & Support:

Will provide

Operation

Year Established: 1980

Days & Hours of Operation: 7 Days/Week

Employees: 6

Managers: 1

Location

Monthly Rent: 17,500

Square Footage: 1,500 sq/ft