Property Details

Modern Liquor Store with $250,000 of Inventory - Rochester

Property ID : WSD24.263

For Sale $453,900.00 - Liquor Store

DESCRIPTION:
• A Modern Wine and Liquor store, located South of the City of Rochester, NY
• Has $ 250,000 of Inventory at cost in stock
• Situated as an anchor of a major plaza with plenty of parking
• It has been in operation since 1998.
• It is a nicely laid out, organized, and well-maintained store.
• There currently is a General Manager operating this store for the Absentee-Owner
• This store has 4,850 square foot which includes a storage area and private office.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
• Furniture, Fixtures and Equipment, Fair Market Installed Value of $ 25,000
• Wine and Liquor Inventory, valued at Seller’s cost of $ 250,000

LEASE ARRANGEMENTS:
• Base rent is $ 3,900 per month with additional Triple Net Charges of $ 1,400 per month
• A new 5-year lease with options to renew will be offered by the landlord to the Buyer of this business

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2019 2018 2017 2016
Sales $ 785,365 $ 777,457 $ 815,945 $ 807,124
SDE $ 90,029 $ 65,001 $ 64,971 $ 66,640

PRICE/FINANCING:
• Asking price is $ 453,900, which includes $ 250,000 in Wine and Liquor Inventory at cost

COMMENTS:

• Great opportunity to own a well-established and successful business.
• Installing Lottery Scratch-Off Machines and Increasing Lottery Tickets sales will increase additional income.

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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