Large Liquor Store

New Haven County, CT

Large Liquor Store

Asking Price:$350,000

Cash Flow:$150,000

Gross Revenue:$900,000

EBITDA:$150,000

FF&E:$153,000

Inventory:$125,000*

Established:2001

*not included in asking price.

Large Liquor Store

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Business Description

This business was designed and is running mainly as an upscale wine and spirits enterprise, the owner concentrating on making profits in the package store business. As such, gross margins have run in the 30% plus range, even in the economic downturn over the past five years. The owner is the primary operator along with one or two part-time employees. The business is located in a central business district of town on the primary thoroughfare and is in a startegic location with respect to serving the local community. The regional area in which the business is located has experienced significant growth in residential and commercial construction over the past ten years. Store sales have exceeded $1,000,000 per year within the past seven years but the recession has caused some decline recently. The store facility has one large walk-in cooler and the balance of space is devoted to product display. Additional space availability is possible to support growth, if desired by purchaser. Inventory runs in the $125,000 range and is not included in the purchase price. A new, long term lease at favorable rates is available.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business was established by the current owner in year 2001 at which time all new lease renovations and new equipment purchases were made. Space rented is roughly 3,000 sq. ft. in a large, prominent, two-story strip mall. Lease runs through October, 2011 with a five-year renewal option. Rent expense, including R/E Taxes and common charges, is $3,600 per month.
Competition:
Competition is limited by zoning regulations and will not be an impediment to future growth of the business.
Growth & Expansion:
Business is located in a growing region of the state, so, if well managed as it is under the current owner, business will see sales increases naturally occur.
Support & Training:
Owner will spend sufficient time after the sale of the business to adequately train the purchaser.
Reason for Selling:
Owner has another business opportunity to pursue.

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Bob Capozzi

Business Listed By:
Bob Capozzi

VR Business Brokers/Venture Group Partners

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