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Deli & Country Store With Beer
Location Colorado,United States
Asking Price Range < $250K
Gross Revenues $750000
Net Profit / Cash Flow $116300
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1988
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Owner & Manager will train
Reason for Sale Health Problems
Description This is a 2,100 - 2,495 s.f. Deli & Grocery Store that serves breakfast & lunch, has deli sandwiches, soda, snacks, coffee, beer and groceries. Does catering has Lotto and a ATM machine.
Has 4 tables with 16 seats in a separate eating area, retail grocery and coolers and a deli and kitchen area. Also has a full basement for storage etc.
Business established in this location over 25 years, current Owner over 5 years. Must sell for health reasons. Sales over $750,000 are projected for the new Owner.
Store is open 7 days a week. Monday thru Friday hours are 6:00 to 7:00, Saturday 6:00 to 5:00 and Sunday 6:00 to 3:00. Owner works the business full time with a full time manager who's been here a long time and 4 part timers. With sales that include revenues from Lotto and a ATM machine Gross Profit runs +/- 38%. Owner's Cash Flow at this volume is estimated over $116,000 per year.
Store is located in Litchfield County north of New Milford, CT. Anyone commuting on this route would stop for coffee in either Bulls' Bridge, here or in New Milford. Traffic count is +/- 5,100 cars per day. Note in the summer traffic gets much heavier with the New Yorkers going to their weekend homes and leaf viewing in the fall.
The primary term on the lease has over 5 years remaining plus a 5 year option to renew. Rent is now $2,500 per month gross plus 50% of the oil bill. As you can see at this volume rent is only +/- 4% of revenues. When was the last time you saw such a good rent/sales ratio?
Owner is not offering financing. Business is priced for a Cash Sale! In order to obtain more information you will need to fill out a Confidentiality Agreement a Questionnaire which must show how you can financially purchase this business. Selling price is plus inventory.
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