345 Colt Highway

Description

A Unique Opportunity to own a Boutique wine and Liquor shop in the heart of the city. Oak Barrel Wine & Spirits, Farmington, CT was established in 2019 in the Shopping center. The store was designed to incorporate a rustic/country theme providing a comfortable and pleasant shopping experience for customers in search of unique, higher quality and value-based wines, liquors and micro beers. Additionally, the floor plans incorporate tasting tables to allow for scheduled tastings providing customers an opportunity to experience new products offerings, expand their knowledge base of various offerings and further develop their tasting competencies. In addition to significantly investing in the decoration of the stores, management has been very particular in hiring staff that has significant knowledge and experience in the liquor industry to provide appropriate guidance and recommendations to its customers.The premise consists of 2087 square feet in the shopping plaza representing 25.54% of the rentable space. Demographics using 3 mile radius include a population of 56000(2020) with 22,000 households and an average household income of $87,000.00. Traffic count is 28000 vehicles per day.Currently, store is owner absentee. " Turnkey" operation with significant opportunity to increase sales through focused ecommerce, social media and marketing programs. Expanded hours of operation, adding lottery will significantly increase opportunities for online sales as most Farmington liquor store close at 8: pm. Continued focus and expansion of boutique wine and liquor promotions through tastings and marketing will further enhance sales, margins and profitability. Continuously providing exceptional customer service, unique product offerings and knowledgeable staff will further ensure customer growth and loyalty.