$Seller Financing Available
| Asking Price |
$279,000 | Inventory |
$180,000** |
|---|---|---|---|
| Gross Income |
$800,000 | Real Estate |
$449,000** |
| Cash Flow |
Not Disclosed | Year Established | 1966 |
| FF&E |
$95,000* | Employees | 4 |
* included in the asking price
** not included in the asking price
What can we say? It can't go anywhere but UP with a new owner/operator with good merchandising and marketing skills. The second door front offers a new owner the opportunity to think creatively by adding a synergistic service or business or combine an existing business. The next door deli drives traffic to this business and is long established. We have good historic records on this business and welcome a sit-down review with qualified prospective buyers.
Facilities: Established in 1966 This was recently a one million$ plus store without being open on Sundays!. The store has potential to be 2 units. One unit Might be good gift basket or wine tasting arealocation. Large basement storage served by conveyor system. Store had been divided to accommodate a cigar business by the recent owner. Good, on street parking and co/parking with deli next door allows customers ease of entering and exiting the store without adding significantly to real estate taxes. Sales are currently improving.
Competition: Very established store needs to be brought back to its original status. There is a good deal of established business that utilizes the convenience of on street parking to more easily access this busy roadway. The traffic light is an additional bonus. This store has done well over 1 mil witn its current facilities. It's waiting for an owner /operator to bring it back.
Growth/Expansion: An owner operator with good merchandising and marketing skills can make immediate growth oriented improvements to this store. The Product mix cries for change. It was once known for its upbeat and varied wine selections.
Seller Financing Available: Yes
Financing: Generous financing available to qualified buyers
Support/Training: As needed, negotiable
Reason Selling: Current owner knows the store needs someone with merchandising/ marketing skills

Rosalind Newton
401-463-6950
Hewitt Newton Associates
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