Business Summary:
Well established, great looking store on heavily traveled street. Small plaza with a bank as an anchor and about 10 other tenants. Started in 1988, moved in 1995. Current owner has owned it for 9 years and bought it from Larson Associates. Sales have held fairly constant over the last three years, and they aim for margins in the 26-27% range, a superior gross margin. Offers beer, wine, liquor, and non-alcoholic beverages. Wine sales are 40% and are aggressively marketed inside the store. They don\\\'t push beer sales Owner in store 2 days a week. Lottery $5000/yr. commissions.
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| Year
Business was Established: 1988 |
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| Number of Employees:
6 pt |
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| Facilities / Terms of Lease:
1400 sq ft. cement slab. Lease: 7+ years left on a 10 year lease. $1400/mo. rent, increasing to $1516.67/mo. in 2010, and to $1633.33/mo. in 2013. Assignment of lease possible, buyer needs to present personal financials to landlord to qualify. |
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| Potential
Growth/Expansion:
Opportunities to grow are: regular wine tastings, increase advertising budget, solicit local businesses and create some local accounts, delivery (charge) within this affluent area, and create a website. May be an opportunity for a new owner to be more proactive as they don\\\'t advertise, email or do a newsletter. |
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| Competition:
Located close to major central CT shopping Mecca, with continuing vibrant commercial growth, so there are several other stores in the general area, including one superstore. this store has almost doubled in volume since year 2000. |
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| Owner
willing to finance:
50% seller financing, terms negotiable. |
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| Owner
willing to train:
Owner will advise. |
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| Reason for selling:
Owner owns and works in 2 stores (incl this one)and wants to cut down. |
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Seller Reference Number: 1324DL
BusinessMart.com Listing Number: 70983 |
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