Liquor Store & Property with Apartment in CT
Why pay rent when you can OWN the property, OWN a simple and Easy to operate liquor store AND ALSO be the landlord of an apartment? A great investment opportunity to own a profitable liquor store AND the property with a studio apartment for ONLY $525,000 inventory. This easy to operate business has been established for 20 years and runs with only a few employees. The business is located on a main street surrounded by residential homes and many commercial businesses. This business is profitable WITHOUT the income from owning the real estate. The apartment is ideal for the owner’s use, the staff, or a tenant. The current owner only works 15-20 hours per week. A new owner has many ways to grow the sales and profits! If you are looking to finally own your own liquor business or add to your existing business, this is truly a rare opportunity to have it ALL... A PROFITABLE Business that is EASY to operate, create WEALTH by building equity in your property AND by being a Landlord! Please refer to listing number 15048 when inquiring about this listing.
Passive Ownership at Pizza Restaurant
The owner is passive with 3 managers on staff at this pizza restaurant! With nearly $1M in revenue and 90% of sales being takeout and self-performed delivery, this homemade pizza joint includes over $150,000 in assets upon its purchase! Located in Northeastern Connecticut, this restaurant serves pizza 50% through takeout and drive-through, 40% through delivery, and the other 10% through dine-in and catering. It is the only pizza joint in its market that offers a drive-through option. The company was established as a small take-out pizza shop in 1986 by the current owner’s father; the owner opened this location in 2009. Because of the long history in the community, this restaurant has a strong brand presence, being a long-term staple in the area. There are 20 qualified and reliable personnel in place with 3 being full-time and 17 being part-time. The full-time manager, assistant manager, and shift supervisor take care of the daily activities, allowing the owner to only handle general oversight. Due to COVID-19, the pizza joint had to close for two weeks. But even so, the sales are up from last year given that dine-in was only 10% of sales before COVID-19. With an expansion in catering and alcohol sales, this restaurant would see continued growth. Priced at $405,000, a 15% down payment of $60,750 returns $95,450 in the first year after debt payments, which is a 157% return on investment.