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Property Address

0 Withheld, Danbury, CT  06810

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Property Details

Status
Active
Type
Commercial
Heating
Hot Air
Cooling
Central Air
Approx Sq. Feet
5,630
Current Use
Liquor Store
Zoning
Bus
Garage
Paved
Parking
100
Utilities
Electric, Gas, Telephone
Days on Market
204 days
MLS#
170130569

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Jose-Vladimir Lopez

Jose-Vladimir Lopez
NMLS Mortgage Loan Originator ID 508801
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$229,900

Estimated PMT - $878 / Mo.*

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0 Withheld, Danbury, CT, Connecticut 06810. This is a 5,630 s.f. Liquor store located in a Shopping Center on a busy street near 5 other shopping centers, free standing businesses, office, industrial & commercial buildings situated almost next to each other. The road running through all of this has exits on & off I-84 and runs east to west connecting Bethel, Brookfield, Redding, Newtown & Monroe with Danbury. The store averages $19,250 a week which is +/- $1,000,000 per year. The business started selling in 2014 and took only 4 years to obtain this level of sales. Profits come next. It is being run as a semi absentee business. The Owner works in this store only 1 day a week. Even with hiring good people it's not the same as an owner working full time in his business, especially a new business. A good opportunity exists for a working Owner/Manager to make a profit in his/her first year running this business. This will require skill running a business and knowledge in this industry.
The Owner is selling to simplify his life. He owns two other retail stores and 2 restaurants in CT & NY. He also is a partner in a business in Florida. He wants more time with his family and is beginning to simplify his business holdings.
Again, a fulltime working Owner/Manager will find it easier to make a profit. Another way is to have a family own and run a business like this.
The equipment and improvements have been well maintained and little if anything has to be done inside the store. It's all ready to go (subject to any improvements you want to make). The estimated FMV of the equipment and improvements is +/- $65,000 +++.
The rent is very competitive for a retail business with +/- 23,700 cars passing the store every day. Rent is $23.09 psf or $10,833.06 per month including the nets. Using $1,000,000 in sales, rent is 13.0% of sales. There are 10 years remaining in the lease. Rent increases every 5 years. Rent will be $9,969.79 plus the nets in 9/1/2023.
If qualified, with some security the Owner might finance 50% of the business (inventory will need to be paid).
This spot is a destination location for shoppers with over 82 retail stores & restaurants within a 1/4 mile and several office & commercial/industrial parks within a mile of this business.
Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request. Detailed financial information showing ability to purchase, and proof of funds may be required before a meeting or conference call is scheduled.

 
 

Listing courtesy of Blanket Real Estate