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, Mill PlainDanbury, CT 06811InternalID F10225042

  • Price: $229,000The price has recently decreased
  • 55 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-07-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 1Acreage
  • 1950Year Built
  • 229000OriginalListPrice
  • ASAPOccupancy

This business is "Back On The Market". Purchaser couldn't obtain financing. 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. Parking for trucks pulling trailers (contractors), cars and even foot traffic. 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. 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 +/- $90, 000 per year. Rent for this business is $7, 000/month, $84, 000 per year - 17.50 psf. Increases to this rent will be a CPI increase and real estate tax increase over the previous year. This translates to a rent expense of 6.0% to sales - tough to find such a reasonable rent/sales percent. The Owners also own the real estate. They will be your landlord.

Listed by CJ Vlahos of Blanket Real Estate

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Driving Directions

Your Local Office

Naugatuck Office
774 New Haven Road
Naugatuck CT, 06770

Office: 203-723-4461

More Info

Basic Information

  • List Price$229,000
  • Date Listed2017-05-27T12:47:31
  • Property TypeExclusive Right to Sell/Lease Listing Agreement
  • StatusACT
  • Business TypePackage Store
  • Virtual TourClick Here
  • Status Change Date2017-06-22T17:24:36
  • OriginalListPrice229000
  • MLS Number30223979

Location

  • TownDanbury
  • Zip06811
  • CountyFairfield
  • NeighborhoodMill Plain
  • StateCT

Property

  • Minimum Space4800
  • Acreage1
  • Equip Incl1
  • Frontage Approximate100
  • Parking 100 SqFt0
  • Parking Spaces12

Amenities

  • Cooling System TypeOther

Other

  • Landlord RespBuilding Insurance
  • InternalIDF10225042
  • REONo
  • Stories1
  • Trans TypeSale
  • LastImg TransDate2017-05-27T17:24:33
  • AreanumDanbury
  • ComCategoryBusiness Opportunity
  • Contingency ExclusionNone
  • Preferred Phone(203) 746-7272
  • Mill Rate28.68
  • View Count5

Building

  • OccupancyASAP
  • SqFt Total Building4800
  • Year Built1950
  • HandicapAccessibleNo
  • Number of Buildings1

Utilities

  • Heat Fuel TypeOther
  • Water SourceOther
  • Underground Oil TankUnknown
  • Gas TypeNone
  • Sewage SystemOther

Water Body

  • WaterfrontNo

Photos

  • Number of Photos9

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  • Naugatuck Office
  • 2037234461 Email Us
  • 774 New Haven Road
  • Naugatuck, CT 06770
  • Torrington Office
  • 860.482.5588 Email Us
  • 257 Main Street
  • Torrington, CT 06790
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