Blanket Real Estate Business Properties:

Business Name:  
Address:  
Zip Code:  

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

$1,000,000 Liquor Store with 5,630 S.F.

 
CT  Danbury  No  No  +/- $250,000  $229,900 

Description:
This is a 5,630 s.f. Liquor store located on a busy street near 5 shopping centers, free standing businesses, office, industrial & commercial buildings situated almost next to each other. The road running through all of this has exits on & off I-84. The road runs east to west and connects Bethel, Brookfield, Redding, Newtown & Monroe with Danbury.

Business is priced at $229,900 + Inventory (estd at $250,000).

The store averages $19,250 a week which is +/- $1,000,000 per year. The business started selling in 2014 and took only 4 years to obtain this level of sales. Profits come next. It is being run as a semi absentee business. The Owner works in the store 1 day a week. He does hire good people! Opportunity/possibility for a working Owner/Manager to make a profit in his/her first year running this business. This will require skill running a business and knowledge in this industry that the new Owner should have.

The Owner is selling to simplify his life. He owns two other retail businesses and 2 restaurants in CT & NY. He also is a partner in a business in Florida. He wants more time with his family and is beginning to simply his business holdings.

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Operation:
The store hours are: Monday thru Saturday 10:00 to 8:00. Sunday 11:00 to 4:00. Here is another opportunity to increase sales and profits. Open 8:00 to 10:00 Monday thru Saturday and 10:00 to 6:00 on Sunday.

Again, a full time working Owner/Manager is absolutely necessary to increase sales and profits. A family operation is even better.



The business is not profitable now. Problems are the lack of advertising & promotion and Gross Profit percent.

The equipment and improvements have been well maintained and little if anything has to be done inside the store. Its all ready to go (subject to any improvements you want to make).

 
Location:
The rent is very competitive for a retail business with +/- 23,700 cars passing the store every day. It is $23.09 psf or $10,833.06 per month including all the nets. Using $1,000,000 in sales, rent is 13.0% of sales. There are 10 years remaining in the lease. Rent increases every 5 years. Rent will be $9,969.79 in 9/1/2023 plus the nets. This spot is a destination location for shoppers with over 82 retail stores & restaurants within a 1/4 mile and several office & commercial/industrial parks within a mile of this business.

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

 

Monthly Rent: $10,833/mo incl nets  Remaining Term: 10 years 
Total SQ FT: 5,630 s.f.  Rent Increases:
Next Rent Increase will be 9/1/2023 for $9,969.79 plus the nets.

 
Retail SQ FT:  
Office SQ FT:   Est'd FMV of Equip.:
The FMV of the equipment is +/- $65,000+++.

 
Warehouse SQ FT:  
Est'd Sales +/- $1,000,000  Terms: If qualified, with some security the Owner might finance 50% of the business (inventory will need to be paid). 
Gross Profit:  
Oper. Expenses:   ROI:  
Est'd Owners Cash
Flow:
  Payback:  

Reason For Sale:
The owner is selling to simplify his life. He owns two other retail businesses and 2 restaurants in CT & NY. He also is a partner in a business in Florida. He wants more time with his family and is beginning to simply his business holdings.

 
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.