$1,000,000 Liquor Store With 5,630 S.F In A Shopping Center

Danbury, CT (Fairfield County)

Seller Financing Available
$1,000,000 Liquor Store With 5,630 S.F In A Shopping Center
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Asking Price: $199,000

Cash Flow: N/A

Gross Revenue: $1,040,779

EBITDA: N/A

FF&E: $65,000

Inventory: $250,000*

Rent: $10,833.06 /Month

Established: 2013

*not included in asking price.

$1,000,000 Liquor Store With 5,630 S.F In A Shopping Center

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Business Description

"Price Drop"
This is a 5,630 s.f. Liquor store located in a Shopping Center on a busy street near 5 other 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 and runs east to west connecting Bethel, Brookfield, Redding, Newtown & Monroe with Danbury.

Business is priced at $199,000 + Inventory (est’d at $250,000).

The store averages $20,015 a week which is +/- $1,040,779 per year (proforma). 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 this store only 1 day a week. Even with hiring good people it’s not the same as an owner working full time in his business, especially a new business. A good opportunity exists 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. The new Owner should have these skills.

The Owner is selling to simplify his life. He owns two other retail stores 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 simplify his business holdings.

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 fulltime working Owner/Manager will find it easier to make a profit. Another way is to have a family own and run a business like this.

The equipment and improvements have been well maintained and little if anything has to be done inside the store. It’s all ready to go (subject to any improvements you want to make). The estimated FMV of the equipment and improvements is +/- $65,000 +++.

The rent is very competitive for a retail business with +/- 23,700 cars passing the store every day. Rent is $23.09 psf or $10,833.06 per month including 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 plus the nets in 9/1/2023.

If qualified, with some security the Owner might finance 50% of the business (inventory will need to be paid).

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 ½ 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.

Attached Documents


Detailed Information

Location:
Danbury, CT
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,630
Lease Expiration:
8/31/2028
Employees:
3 FT +
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
If qualified, with some security the Owner might finance 50% of the business (w/o inv
Support & Training:
Owner or manager will assist in the transition
Reason for Selling:
The Owner is selling to simplify his life. He owns two other retail stores and
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(from currently available funds)
 
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C.J. (Charlie) Vlahos

Business Listed By:
C. J. (Charlie) Vlahos

Blanket Real Estate

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The New York Association of Business Brokers (NYABB).

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