Business for Sale Overview:
Well established, great looking store on heavily traveled street. Small plaza with a bank as an anchor and about 10 other tenants. Started in 1988, moved in 1995. Current owner has owned it for 9 years and bought it from Larson Associates. Sales have held fairly constant over the last three years, and they aim for margins in the 26-27% range, a superior gross margin. Offers beer, wine, liquor, and non-alcoholic beverages. Wine sales are 40% and are aggressively marketed inside the store. They don't push beer sales Owner in store 2 days a week. Lottery $5,000 per year commissions.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
1,400 square feet cement slab. Lease: 7 years plus left on a 10 year lease. $1,400 per month rent, increasing to $1516.67 per month in 2010, and to $1,633.33 per month in 2013. Assignment of lease possible, buyer needs to present personal financials to landlord to qualify.
Market Competition and Expansion:
Competition: Located close to major central CT shopping Mecca, with continuing vibrant commercial growth, so there are several other stores in the general area, including one superstore. Growth and Expansion: Opportunities to grow are: regular wine tastings, increase advertising budget, solicit local businesses and create some local accounts, delivery (charge) within this affluent area, and create a website. May be an opportunity for a new owner to be more proactive as they don't advertise, email or do a newsletter.
Reason for Selling:
Owner owns and works in 2 stores (including this o
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.