Business Overview:
One of the best operated stores anywhere in Connecticut. The listing broker has 25 years experience, selling over 70 package liquor stores, and describes this location as one of the finest store he has ever been involved as a broker. Accurate books/records, very clean facility, well organized. 60% of the revenues are from high margin wine sales, resulting in an overall operating gross profit margin of 28plus%. The store offers/accepts all of the major credit cards. In store wine tastings occur as a regular Saturday afternoon event. Simply the new owner needs only to come in, learn the seller's operating and merchandising methods, resulting in a smooth transition. Confidentiality agreement illustrating adequate financial resources required.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
New lease offered. Proposed initial 5 year base lease, plus a 5 year option. Starting rate of $5,500 per month, with scheduled annual increases of 3%. Store is 2,400 +/- square feet, plus climate controlled wine storage area in the basement.
Market Competition and Expansion:
Competition: normal area competition.
Growth and Expansion: Future revenue growth possible via participation in off-site wine tasting events, i.e. diner fund raisers, educational purposes, etc. Develop internet website for shipping product, resulting in increased utilization of large basement storage area.
Reason for Selling:
Owner to pursue other interests.
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.