PRICE DROP. High Volume Liquor Store. Strong Sales Growth. Great Buy.
New Haven County, CT
Sale Pending
| Asking Price: | $650,000 |
| Gross Revenue: | $2,700,000 |
| Rent: | $21,080/Month |
| Cash Flow: | $217,000 |
| Inventory: | $350,000 |
| Established Year: | 2000 |
Listing ID: 1828676Listing provided by BizBuySell
BUSINESS DESCRIPTION
Established liquor store in strong growing market.
High influx of high income young families with children moving into the area.
Absentee operated with 2 full time mangers.
Landlord will reduce the base rent by 10% and offer a 10 year lease with 2 X 5 year options.
Store sales are up and online sales are increasing.
The store has sole rights for Instacart online sales.
Great opportunity for an owner/operator with excellent corporate support.
Sign and send the attached NDA for more information.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
New Haven County, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
8,500
Lease Expiration
31/12/2044
Employees
7
Facilities
8,500 SF store in high traffic, fully rented shopping center anchored by strong national brands.
The store is well fixtured and merchandised.
Very competitive pricing.
15 Year lease at $21,079/Month INCLUDING REAL ESTATE TAXES & CAM with 3% annual increases over the base rent. Base rent has been reduced by 10% with a NEW 10 year lease with 2 X5 year options.
Competition
The largest liquor store in the area in the areas busiest shopping center.
Growth & Expansion
Great opportunity to grow this business with a strong social media platform marketing initiative.
Already have a delivery platform which has not been optimized.
Financing
Limited Seller Financing To Qualified Buyer
Support & Training
Owner will transition and train with the option for the buyer to be part of a large buying group.
Reason for Selling
Corporate decision.
Report an Issue with this listing
