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Liquor Store Business
Location: United States -> Connecticut -> Danbury
Industry: Food and Beverage > Liquor Stores




Business Summary

This business is ''Deposited''.

This is a 4,800 s.f. $1,400,000 Liquor Store on a busy commercially traveled road with nearby condominiums complexes and residential neighborhoods. It is on a turnoff of the main road with easy access and egress, parking for trucks pulling trailers (contractors), cars and even foot traffic. The price also includes the Liquor Store Real Estate and a separate investment building with a long term major fast food franchise tenant.

The liquor store has 1,800 s.f. of selling space

The Fast Food Franchise tenant is in a separate 650 s.f. building. Rent income is $18,000 per year.

Liquor Store sells 33% wine, 26% beer and 33% liquor. They also sell cigarettes, lotto, ice and an extensive assortment of nips (also have some in a small cooler). They sell over 7,000 SKU's and served +/- 70,000 customers last year. Cash is 37.5% of their business and credit cards are 62.5%. Average sale is over $20.29.

During the last 3 years, despite the economy, competition etc. the store has increased revenues.

Sales have been steady at +/- $1,400,000 the last 5 years. Over the last 3 years' revenues increased at the rate of .1% per year – which isn't bad considering the economy, competition and weather. At the Proforma volume of $1,403,802, Owner's Cash Flow is estimated to be +/- $178,000 per year (before Owner's Labor, Rent expense and plus Rent from the Fast Food tenant).


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,403,800
Cash Flow:   $178,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1950
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will assist for 4 - 6 weeks full & part time
Reason For Selling:  Other interests

Photos

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Liquor Store Business Photo 1




Print Listing Id: 700279235
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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