Century Business Sales
Phone: 860-868-3431
Redevelopment Opportunity! CT Liquor Store.
- Listing Id: 8877
- Broker Name: John Payne
- Category: Liquor Stores
- Asking Price: $180,000.00
- EBITDA: $125,000.00
- Real Estate: N/A
- Cash Flow: N/A
- Inventory: $75,000.00
- No. Of Full-Time Employees: 1
- No. Of Part-Time Employees: N/A
- Gross Income: $650,000.00
- FF&E: $25,000.00
- Year Built: 1934
- Address: Click Here
- Zip Code: Click Here
- City: Fairfield
- State: CT
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
In an urban redevelopment area, $700,000 sales brings an owner/manager $125,000 to $150,000 cash annually and the real estate (with 6 apartment rental income) is available at a bargain price. Redevelopment has already made the area safe, clean and growing. In the next few years redevelopment will have changed the whole area with 300-400% return on current investment. So it is not downtown Greenwich and clientele will never be Park Avenue. But for the smart investor willing to be ugly for 1-2 years until redevelopment complete while getting rich, this is a real opportunity. Call John Payne 860 868 3431.
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