Lynbrook Wine & Liquors

Nassau County , New Jersey

Business Summary: Well known 40 year old Lynbrook, NY wine & liquor shop on main thoroughfare. Sales: Wine 54%, Liquor 43%, Misc. 3%. Lots of foot traffic on corner of very busy Sunrise Highway. OTHER INCOME: ATM. Installed lottery a few months ago, & with heavy foot traffic should produce extra very good income. Senior housing & another apartment complex nearby. Could expand business by delivering to these complexes & other customers. For further information, please contact Seth L. Kain at 908-851-9040. Email: [email protected]
Year Business was Established: 1972
Number of Employees: 6
Facilities / Terms of Lease: 10 + year lease in place. No options at present time. New owner could possibly arrange longer lease with the landlord. Plenty of refrigeration compact & stacked with a good variety of wines. Metered on Sunrise Highway & two side streets street parking, wine & liquor racks included in sale. Along with other fixtures.
Potential Growth/Expansion: Advertising & promotion which is not presently done except for spending only $300/year on advertising
Competition: There are a couple of liquor stores; one about a half mile away. The other one is a larger beverage store around a mile away.
Owner willing to finance: N/A at the present time. Owner would prefer to see if they could get an “all cash deal” for at least a month or so. They’d consider changing it after that amount of time if they don’t receive an acceptable all cash offer.
Owner willing to train: 1 week
Reason for selling: Key employee is leaving to take a permanent position