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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.
Long Established Italian, American & Mediterranean Restaurant & PizzeriaFull Menu, Beer/Wine License. Separate Catering Menu. Will Deliver.Seats 90 at Booths & Tables. Sales Estimated to be in excess of $1MM in 2019Long Lease in Place, 15 years with options.Upscale Area.
Business established in the early 1900's. Current owner became involved in 1986 with a partner and they incorporated as a C-Corp in 1993. Current owner now owns 100% of the Company. The activity of the business involves repair and replacement of light and heavy duty truck suspensions and brakes. About 80% of sales is large trucks, 15% is small trucks and 5% is automobiles. There also on premises is a sales counter where parts are sold to the general public. The facility includes a total of 17,000 sq. ft. of leased space in 24 bays with 20 foot-high doors capable of accommodating 65 foot-long vehicles. Rent is $4,500 per month triple net ($54,000 per year). Real estate taxes are about $2,625 per month ($31,500 per year) in addition to the rent. Landlord is an estate administered by an executor. A complete complement of equipment with a very conservative value of $100,000 is included in the price of $500,000 along with an inventory value of current items at cost of $100,000. Additional inventory of $90,000 currently on hand will be subject to negotiation. Owner cash flow has averaged $138,000 over the last five years and $144,000 over the last three years, remarkably consistent in spite of the general recession during these periods.
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Business is a long established convenience store of about 1,500 sq. ft. with sales of about $400,000 per yeai including lottery commissions of $60,000 per year. Owner runs the business with his wife and one part time employee. Business serves a safe, upscale neighborhood. The real estate of land and building encompasses about 15,000 total sq.ft. including the building of about 3,000 sq.ft. which includes the store and two separate rental apartments and a parking lot for about 10 cars.The real estate is available as a three year option transaction for $330,000. Some renovation work on the building after purchase will be productive insofar as it is over 50 years old and could include some expansion of the store. The product line includes the customary convenience items of coffee, milk, bread, snacks, chips, canned goods, deli foods, soda, beer, A deli area has recently been upgraded. Business supplies nearly everything consumers look for in a quick stop. The Deli needs to be enlarged to take advantage of the opportunity. There is no immediate competition in convenience items or deli as this location is surrounded by single family residences. It is quite unique in this regard. Inventory of about $25,000 is not included in the purchase price. Some seller financing may be available.
Business specializes in the decorative polishing and coating of concrete surfaces. Typical projects include polished concrete floors, epoxy floors, warehouse floors, garage floors, pool decks and patios. There is a healthy mix of residential and commercial work in the Connecticut and New York markets. The current owner runs this company on a part time basis along with another unrelated business. Significant growth over the last two years demands that one of the business units be sold. This is a great opportunity to take over a flourishing, established business in a rapidly growing market. The business includes a Five Star Google Rated Website that generates a steady stream of high quality leads and inquiries. In addition, there is a healthy stream of referrals from existing clients and five star ratings with Houzz.com and Google. Sales for the year 2017 were about $300,000 generating net operating profit in the $40,000 range. Insofar as the business is only functioning on a part time basis, the true sales potential could easily be $600,000 with modest effort. Owner is offering full training and assistance over a period of three to six months.
1,200 square feet backyard basement. UPK program.
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Asking Price: $189,000
