Century Old Wine & Liquor Store in Hells Kitchen - Amazing Location!

Hells Kitchen Wine & Liquor Store – Established Boutique, Absentee-Owned, Strong Upside

Asking Price: $279,000 + Inventory
Gross Revenue: ~$600,000/year
Current Net (Absentee): ~$160,000/year
Rent: $7,300/month
Lease: 13 Years Remaining
Size: 700 SF + Basement + Office/Storage
Established: 1930 | Same Owner Since 1997

A rare opportunity to acquire a long-standing, boutique wine & liquor store in the heart of Hells Kitchen, Midtown Manhattan. Located on a busy main avenue with strong foot traffic and visibility, this business has been a neighborhood staple for nearly a century with a loyal, repeat customer base.

The store features approximately 700 square feet of retail space, along with a full basement, office, and storage. It is clean, well-maintained, and fully built out—requiring no immediate capital improvements. A true turnkey operation.

Absentee-Owned for Over 10 Years – Significant Upside
The current owner has not been physically involved in the business for over a decade. The store is operating conservatively, creating a clear opportunity for a hands-on owner-operator to improve merchandising, tighten operations, and increase revenue.

With active ownership and modern retail execution, this business has the potential to generate $1,000,000+ in annual sales, significantly improving profitability.

Key Highlights:

• Prime Hells Kitchen location on high-traffic avenue
• Established in 1930 – same owner since 1997
• Absentee-run for 10+ years
• Strong lease with 13 years remaining
• Fully built-out and turnkey
• Basement, office, and storage included

Growth Opportunities:

• Transition to owner-operator model to increase margins
• Expand higher-margin wine and specialty inventory
• Introduce curated and premium selections
• Upgrade POS and inventory systems
• Add delivery (Drizly, Uber Eats, DoorDash, etc.)
• Utilize in-store tastings and local marketing

Ideal for an experienced operator or entrepreneur seeking a stable, established business with immediate upside through hands-on ownership in a prime Manhattan location.

Seller is open to serious and qualified offers.