Successful Boutique Wine Retail Store located in an appealing, high traffic location in Manhattan. 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. Wine store has a database of over 17,000 customer names that can be used for micro targeting ads. Store also has it’s own branded Smartphone App which will provide upside business for the millennial market.
Owner has implemented a proven and profitable business model, with 50% gross profit margins, consistent sales and annual cash flow ranging from $170K - $203K for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (50% gross margin vs industry standard of 33%). The business sales consist of ninety-five (95%) wine and five (5%) liquor sales, which results in a solid net income to the owner. Wine store has superb relationships with suppliers where 90% of the wines sold at this business are only available locally in local restaurants, and are not carried by other wine (or liquor) retailers.
This is an excellent opportunity to own a highly successful Wine Store with a turnkey successful business model that has tremendous upside.
Seller will assist with transition and hold a note for qualified buyer.
600 sq. ft. Rent: $14,000 Lease Expires 03/01/2024
Owner retiring; moving on to next phase of career