Profitable Absentee Wine & Spirits Store In Long Island City For Sale - Business for Sale
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Absentee-Run Wine & Spirits Store in Long Island City, NY
Long Island City, NY, US
Added 12 days ago
Retail Stores - Wine & Spirits
20 years in business
Absentee / Semi-Absentee
Established wine and spirits retail store in Long Island City, 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
- Business established in 2006; current ownership since 2016
- Absentee operated with 3 full-time employees; staff tenure includes one with 10 years and two with 5 years
- Rent: $123,347.65 per year ($10,278.97 per month)
- Inventory typically ranges between $170,000 – $180,000 (sold separately)
- Approximately 4.5 years remaining on current lease; seller willing to pursue a 10-year lease extension for a qualified buyer
- Sales mix: approximately 80% wine and 20% spirits
Contact Info
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