80 Varick, Manhattan

$499,000

0 Beds
0 Baths
2,500 Sqft
0 Acres
0 Garages

SUCCESSFUL LIQUOR STORE IN SOHO!
This Is An Excellent Opportunity To Own A Successful Wine Store With A Turnkey Successful Business Model That Has Tremendous Upside. Boutique Liquor Store Retail Located In An Appealing, High Traffic Location In SOHO. This Modern Wine Retailer Has Reinvented The Wine-Buying Experience And Differentiated Itself From Neighboring Wine Stores. Business Has Been In Operation For Over 10 Years And Has Nurtured An Extremely Loyal Customer Base.
A remarkable 93% of business is repeat business, resulting in very strong average transactions. The owner has implemented a proven and profitable business model, with 40% gross profit margins, for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (40% gross margin vs industry standard of 33%). The business sales consist of eighty (70%) wine and twenty (30%) liquor sales, which results in a solid net income to the owner. This is an excellent opportunity to own a Successful Wine Store with a turnkey successful business model that has tremendous upside. Approximate Annual Total Net Income (cash flow): $255,000. Key Money: $499,999 Owner will assist with the transition and hold a note for qualified buyers. Owner financing is available.

Essential Information
MLS® #437464
Price$499,000
Bathrooms0.00
Square Footage2,500
TypeCommercial
Sub-TypeBusiness Only
StatusActive
Community Information
Address80 Varick
AreaSoho
CityManhattan
CountyNew York (Manhattan)
StateNew York
Zip Code10013
Interior
Interior FeaturesNone
BasementNone
Exterior
Exterior FeaturesNone
RoofOther
ConstructionBlock
FoundationStone
Additional Information
Date ListedMarch 12th, 2020
Days on Market10
ZoningM1-6 HSQ
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Listing courtesy of Wilk Real Estate I LLC.

© 2020 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: May 26th, 2020 at 12:30pm EDT

Listing courtesy of Wilk Real Estate I LLC.

© 2020 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: May 26th, 2020 at 12:36pm EDT

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