Blanket Real Estate Business Properties:

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Address:  
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Type State Town Real Estate
Inc.?
Inventory
Inc.?
Avg. Inventory
Value
Price

Liquor Store With The Real Estate Doing Over $1,400,000
 
CT  Danbury  Yes  No  +/- $250,000 
$1,349,000
 

Description:
The following information is through the 2017 financials and the 2016 Tax Return. Sales for 2017 turned out to be +/- $1,318,275, down +/- 6.1% from 2016.

This is a 4,800 s.f. $1,400,000 Liquor Store on a busy commercially traveled road with nearby condominiums complexes and residential neighborhoods. It is on a turnoff of the main road with easy access and egress, parking for trucks pulling trailers (contractors), cars and even foot traffic. The price also includes the Liquor Store Real Estate and a separate investment building with a long term major fast food franchise tenant.

The liquor store has 1,800 s.f. of selling space with 7 gondolas, 69 feet of wall shelves (4 – 6 shelves) and 2 walk-in coolers. The 2,880 s.f. warehouse has a 15’ x 7’ walk-in, a +/- 100 s.f. enclosed bottle return area with an outside and inside door and 210 feet of steel shelving (3 – 5 shelves). The enclosed office is +/- 120 s.f.

The Fast Food Franchise tenant is in a separate 650 s.f. building. Rent income is $18,000 per year.

Liquor Store sells 33% wine, 26% beer and 33% liquor. They also sell cigarettes, lotto, ice and an extensive assortment of nips (also have some in a small cooler). They sell over 7,000 SKU’s and served +/- 70,000 customers last year. Cash is 37.5% of their business and credit cards are 62.5%. Average sale is over $20.29.

This is one of the cleanest, well merchandised and organized stores you’ll see. The store is being run almost completely as “Absentee Ownership”. In the following ProFormas it is assumed the New Owner will be a working Owner.

During the last 3 years, despite the economy, competition etc. the store has increased revenues.

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Operation:
Store hours are: Monday through Thursday 9:00 to 9:00, Friday and Saturday 9:00 to 10:00, Sunday 10:00 to 6:00 (82 hours). Currently the Owner’s mother manages the store with full time and part time employees. Assuming a Working Owner, the store will need a combination of full time or part time employees totaling 120 hours per week. At $13.00 per hour, total labor is estimated at $91,666 including estimated taxes.

Sales have been steady at +/- $1,400,000 the last 5 years. Over the last 3 years’ revenues increased at the rate of .1% per year – which isn’t bad considering the economy, competition and weather. At the Proforma volume of $1,403,802, Owner’s Cash Flow is estimated to be +/- $178,000 per year (before Owner’s Labor, Rent expense and plus Rent from the Fast Food tenant).

 
Location:
The business is located on the west side of Danbury near the New York border. Neighbors include commercial, industrial, office, businesses, condominium complexes and a large residential area. Traffic count on this road is over +/- 16,500 cars per day.

No rent is being charged because the Owner of the Real Estate will also own the business. Potential Rent for the Liquor Store could be +/- $7,000/month, $84,000 per year – 17.50 psf. Increases to this rent will be a CPI increase and real estate tax increase over the previous year. This translates to a rent expense of 6.0% to sales – tough to find such a reasonable rent/sales percent.

Besides loyal customers from all over Danbury, within 3, 5, and 7 miles of the store there are 2,611, 28,519 and 108,898 potential customers respectively over the age of 18. Note there are 3-4 large competitors in the area to serve these customers (of course not all of them drink or are customers of these businesses). (The data base used had a cutoff of 18).

Interested buyers MUST sign our Confidentiality Agreement and Questionnaire before any additional information is received.You must show you have funds to purchase or obtain a loan from a bank or relatives. Forms are available at this Listing, on our website, from the link in front of the pictures, or will be e-Mailed to you upon request. Detailed financial information showing ability to purchase may be required before a meeting or conference call is scheduled.

 

Monthly Rent: N/A  Remaining Term: N/A 
Total SQ FT: 4,800 s.f.  Rent Increases:
N/A

 
Retail SQ FT: 1,800 s.f. 
Office SQ FT: 120 s.f.  Est'd FMV of Equip.:
Equipment is estimated at +/- $25,500 not including improvements and lease items.

 
Warehouse SQ FT: 2,880 s.f. 
Est'd Sales +/- $1,403,802  Terms:
Depending on purchase price, qualifications and security Owners may do some financing.

 
Gross Profit: +/- $366,310* 
Oper. Expenses: +/- $188,205  ROI:  
Est'd Owners Cash
Flow:
+/- $178,105*  Payback:  

Reason For Sale:
Other interests. The Owners have another business nearby. There is more work to be done then they have time to do it.

 
Comments: In order to obtain more information or visit this or any other business the Confidentiality Agreement & Questionnaire Agreement must be filled in, signed and faxed back. To get these forms – Click here

 

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Information believed to be accurate. Subject to errors, omissions & change without notice. Verify important details before reliance or dependence.