Prestigious and Successful Wine & Spirits Retailer

New York, NY

Seller Financing Available

Wine
Cash Flow:$500,000
Inventory:$1,500,000
Gross Revenue:$4,000,000
Established Year:1930
BUSINESS DESCRIPTION

A premier wine and spirits retailer continuously owned and operated by the current family since the 1960s. For decades, it has been a well-known and highly sought-after destination in busy midtown Manhattan for wine and spirits enthusiasts in and outside of New York City. Led by its owners and knowledgeable staff, the Company remains a leading curator, purveyor and connoisseur of some of the rarest wines, scotches and other whiskies from around the world. It enjoys well-established and enduring relationships with industry producers, and a coveted reputation for previewing and carrying the most unique whiskies.
• World renowned wine and spirits retailer with a storied history
• Enviable relationships with producers and outstanding reputation among spirits enthusiasts
• One-of-a-kind “Exclusives Program” of expertly curated offerings
• Valuable collection of product trademarks
• Highly loyal customer base
• Prime midtown Manhattan location
• Growing e-commerce presence
• Significant upside growth opportunities


DETAILED INFORMATION
Location
New York, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
8,000
Lease Expiration
31/12/2027
Employees
8
Facilities
Significant new build-out and renovation completed within the last decade. Square footage includes remarkable first floor and lower level space.
Growth & Expansion
Online marketplace platforms, growing Exclusives program, website, expanding marketing emails
Financing
Flexible
Support & Training
Available and Flexible
Reason for Selling
Owner relocation
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Emily Williams
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Emily Williams