Convenience Store & Deli For Sale In Southern CT

Business Overview:

Business is well known Deli/Convenience store in Southern Connecticut as one of the strongest of its type in the region.

Deli sales volume is about 70% of the business and convenience items about 30%.
Sales per tax return are approximately $1,500,000 and Earnings about $300,000. Owner started business about 20 years ago and has built it from scratch to its current level through his own efforts. Price is $645,000.

Owner will consider some financing with the buyer assuming proper collateral. Inventory of about $60,000 is in addition to the purchase price.

Since this is a high volume store it may be of interest to out of state buyers who frequently pursue stores of similar volume from places like metropolitan New York, such as Brooklyn, Queens & the Bronx who want to come to Connecticut.

Parking is available all around the strip mall which is about 10,000 square feet.

Store has no beer or liquor license but there is a lottery with 2018 commissions of about $14,000 included in the figures shown here.

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Property Features and Assets:

Business occupies 2,000 square feet in a strip mall.

Market Competition and Expansion:

Business is the strongest of its type in the immediate competitive area. Competition is not very strong in comparison.

Reason for Selling:

Retiring

Additional Details:

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