Established Liquor Business with Growth Potential
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Asking Price
$1,200,000
Detailed Information
Queens, New York, US
Not Provided
NA
Business Description
This established business, listed under HS ID-61504, includes a valuable liquor license and boasts a team of 9 dedicated employees. Operating exclusively from 5pm onwards presents a significant opportunity for growth by extending operating hours. With a reasonable monthly rent of $5,000, the owner personally invested over $400k in building out the business from scratch, achieving sales of $900k in 2023 and projecting to reach $1.2M by the end of 2024. The business requires a confidentiality agreement to disclose its precise location, indicating a level of discretion and privacy surrounding the sale. The potential for expansion through extended operating hours suggests room for increased profitability and market presence. With a solid foundation built by the current owner and a steadily growing revenue trajectory, this business presents a promising opportunity for a prospective buyer to take over and further develop. In summary, this thriving business equipped with a liquor license and a committed staff is poised for continued success. Offering a solid revenue history and a