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  • 80 Varick Street
  • $ 499,000
80 Varick Street Soho Manhattan NY 10013

80 Varick Street

Soho

80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013

Key Details

Building for sale
$ 499,000
Lot Size 65'x175'
Status Active
ASF/ASM 2,500/232
 

Care to take a look at this property?

Joseph Baglio

License

Broker/Partner

W: 718-797-2222
80 Varick Street Soho Manhattan NY 10013

Property Description

SUCCESSFUL LIQUOR STORE IN SOHO! This Is An Excellent Opportunity To Own A Successful Wine Store With A Turnkey Successful Business Model That Has Tremendous Upside. Boutique Liquor Store Retail Located In An Appealing, High Traffic Location In SOHO. This Modern Wine Retailer Has Reinvented The Wine-Buying Experience And Differentiated Itself From Neighboring Wine Stores. Business Has Been In Operation For Over 10 Years And Has Nurtured An Extremely Loyal Customer Base. A remarkable 93% of business is repeat business, resulting in very strong average transactions. The owner has implemented a proven and profitable business model, with 40% gross profit margins, for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (40% gross margin vs industry standard of 33%). The business sales consist of eighty (70%) wine and twenty (30%) liquor sales, which results in a solid net income to the owner. This is an excellent opportunity to own a Successful Wine Store with a turnkey successful business model that has tremendous upside. Approximate Annual Total Net Income (cash flow): $255,000. Key Money: $499,999 Owner will assist with the transition and hold a note for qualified buyers. Owner financing is available.
SUCCESSFUL LIQUOR STORE IN SOHO! This Is An Excellent Opportunity To Own A Successful Wine Store With A Turnkey Successful Business Model That Has Tremendous Upside. Boutique Liquor Store Retail Located In An Appealing, High Traffic Location In SOHO. This Modern Wine Retailer Has Reinvented The Wine-Buying Experience And Differentiated Itself From Neighboring Wine Stores. Business Has Been In Operation For Over 10 Years And Has Nurtured An Extremely Loyal Customer Base. A remarkable 93% of business is repeat business, resulting in very strong average transactions. The owner has implemented a proven and profitable business model, with 40% gross profit margins, for that past three years. The company’s analytical approach to operations drives consistent sales and income growth. (40% gross margin vs industry standard of 33%). The business sales consist of eighty (70%) wine and twenty (30%) liquor sales, which results in a solid net income to the owner. This is an excellent opportunity to own a Successful Wine Store with a turnkey successful business model that has tremendous upside. Approximate Annual Total Net Income (cash flow): $255,000. Key Money: $499,999 Owner will assist with the transition and hold a note for qualified buyers. Owner financing is available.

Listing Courtesy of Wilk Real Estate I LLC.

Joseph Baglio

License

Broker/Partner

W: 718-797-2222

Mortgage Calculator in [US Dollars]

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Loan Amount

80 Varick Street Soho Manhattan NY 10013
80 Varick Street Soho Manhattan NY 10013

Building Details [80 Varick Street]

Zoning M1-6 HSQ
Lot Size 65'x175'
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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