Available
Century Old Wine & Liquor Store in Hells Kitchen - Amazing Location!
$299.000
Description
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.
Overview
Property ID:
12538
Type:
Retail - Liquor - Beer Dist
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