Liquor Store With Property And Apartment

Business Overview:

This Liquor Store was established in 1965 and is currently operated by the same family. It is located on a main thoroughfare in an affluent North Shore Long Island neighborhood. This 1,100 Square Feet building has a 1-bedroom apartment above the building which could be rented for additional income as well as storage garage and basement. Real Estate Taxes are less than $12,000 per year. The business generates approximately $1,100,000 in sales with a very strong gross profit margin of approximately 35%.Currently, the business mix is 70% Wine / 30% Liquor, 35% Cash / 65% Credit. The business provides limited delivery and shipping service. There is an extensive customer mailing list and a very loyal customer base. This is a great starter store for someone wanting to enter the Liquor Store business and increase their equity and income from this real estate transaction. Please refer to Listing #15544 when inquiring about this opportunity.

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