Established Manhattan Wine & Liquor Store | Turnkey Business | Significant Growth Potential

Asking Price: $249,000 + Inventory  
Annual Gross Revenue: Approximately $600,000  
Reported Annual Net Income: Approximately $160,000 (absentee-operated)  
Monthly Rent: $7,300  
Lease Term Remaining: 13 Years  
Retail Space: Approximately 700 SF + Basement, Office & Storage  
Year Established: 1930  
Ownership History: Same owner since 1997

Business Overview

An exceptional opportunity to acquire a well-established wine and liquor retail business in Manhattan’s vibrant Hell’s Kitchen neighborhood. Operating for nearly a century, this longstanding business benefits from a recognizable neighborhood presence, a loyal repeat-customer base, and a high-visibility location along a busy commercial avenue.

The store offers approximately 700 square feet of retail space, complemented by a full basement and additional office and storage areas. The premises are clean, well-maintained, and fully built out, providing a buyer with an established operation without the need for significant immediate renovations.

With an asking price of $249,000 plus inventory, this opportunity is well suited to an experienced retailer or entrepreneur seeking an established business with existing revenue and substantial potential for operational improvement.

Absentee Ownership Creates Opportunity

The business has been operated on an absentee basis for more than 10 years, presenting an opportunity for a new owner to take a more active role in daily operations.

A hands-on operator could focus on improving product selection, optimizing inventory management, enhancing merchandising, strengthening customer engagement, and implementing more efficient purchasing and sales practices.

With the right strategy and execution, there may be meaningful opportunities to increase sales, improve margins, and build on the store’s established market presence. Annual sales of $1 million or more represent a potential growth objective, rather than a guarantee of future performance.

Key Investment Highlights

• Longstanding Business: Established in 1930, with the same owner since 1997.
• Established Customer Base: A neighborhood retail operation with a history of repeat business.
• Attractive Manhattan Location: Situated on a busy commercial avenue in Hell’s Kitchen.
• Absentee-Operated: More than a decade of absentee ownership creates opportunities for active management.
• Long-Term Lease: Approximately 13 years remaining, subject to lease terms and any required landlord approvals.
• Turnkey Setup: Existing retail buildout, equipment, and operating infrastructure.
• Additional Space: Basement, office, and storage areas provide room for inventory and back-office functions.
• Growth Potential: Opportunities to refine the product mix, improve operating efficiency, and expand customer reach.

Potential Growth Strategies

A new owner could explore several initiatives to strengthen performance:

• Introduce a more targeted selection of premium wines, specialty spirits, and higher-margin products.
• Improve inventory controls, purchasing decisions, and point-of-sale reporting.
• Refresh merchandising and product displays to increase average transaction value.
• Develop customer loyalty initiatives and neighborhood marketing.
• Evaluate permitted local delivery options and online ordering opportunities, subject to applicable licensing and platform requirements.
• Build relationships with nearby residential buildings, hospitality businesses, and local customers.
• Evaluate in-store promotional events where legally permitted.

Ideal Buyer

This opportunity may appeal to an experienced wine and liquor retailer, an owner-operator looking to acquire an established Manhattan business, or an entrepreneur seeking a retail operation with an existing customer base and opportunities for hands-on improvement.

The business combines a long operating history, an established physical presence, and a long remaining lease term with the potential for a new owner to bring fresh energy and a more active management approach.

Asking Price: $249,000 plus inventory.

The seller is open to serious, qualified offers. Additional financial information and business details are available to qualified buyers upon request. All financial figures, lease terms, inventory value, licensing, and operating details are subject to buyer verification and due diligence.