760 Montauk Highway Watermill, NY 11976

This is a rare opportunity to acquire a turnkey wine and spirits retail business with an off-premise license in the Hamptons. Water Mill Wine & Spirits is offered as a going-concern acquisition, providing a ready-to-operate retail platform with established branding, operating systems, vendor relationships, and a local and seasonal customer base. The business benefits from a signalized corner presence within a high-activation retail destination. The store is positioned at a highly visible traffic-light intersection within one of Water Mill's most active shopping environments. The location is part of a 3.65-acre site with 154 parking spaces and 9 Tesla Superchargers. The site functions as a convenience-and-destination hub, adjacent to a newly developed, fully sold-out 38-unit luxury townhome community. The store occupies an end-cap position within the shopping center, enhancing frontage and visibility. The premises total 1,880 square feet and feature southern window exposure, creating a bright retail environment suited for curated displays and merchandising. The business is organized for efficient management with established purchasing and vendor channels, inventory and merchandising systems, and a customer-forward retail setup that can be expanded through hospitality relationships, private client outreach, and enhanced seasonal marketing. The offering includes an off-premise retail license, meaning alcohol is sold for consumption off the premises. These licenses are limited in the Hamptons, creating a barrier to entry and long-term value for operators.