Profitable Absentee Wine And Spirits Store For Sale - Business for Sale
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Absentee-Run Wine and Spirits Store in Long Island, NY
Long Island, NY, US
Added 14 days ago
Wine and Spirits Retail Store
Absentee / Semi-Absentee
Retail wine and spirits store in Long Island, NY, operating since 2006 with absentee ownership and a focus on fine wines and curated selections.
Key Information
Asking
$425K
Revenue
$1.2M
Earnings
$129K
Multiple
3.3x
Key Highlights
- Rent is $123,347.65 per year ($10,278.97 per month)
- Business has operated since 2006, with current ownership since 2016
- Sales mix is approximately 80% wine and 20% spirits
- Inventory typically ranges between $170,000 and $180,000 (sold separately)
- Business is absentee-operated with 3 full-time employees; one employee has 10 years tenure, two have 5 years
- Approximately 4.5 years remain on the current lease; seller is willing to pursue a 10-year lease extension for a qualified buyer
Contact Info
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