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345 Colt Highway

Farmington, CT 06032
  • $221,000
  • STATUS: Closed
  • ON SITE: 422 Days
  • MLS #: 170563966
Sold - 10/16/2023
$221,000
SOLD - 10/16/2023
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,087
    SQFT
  • $0
    $/SQFT
Type:
Business Opportunity
County:
Area:

School Ratings & Info

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.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-06-24T21:10:29.41.
www.connecticutpropertyforsale.com/homes/139042731
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345 Colt Highway Farmington, CT 06032

  • Price: $300,000
  • Status: Closed
  • On Site: 422 Days
  • Updated: 126 min ago
  • MLS #: 170563966
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,087
SQFT
$0
$/SQFT
County:
Hartford
Area:
Farmington
Property 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.
Exterior Features

Garage And Parking Paved Road Frontage Description State Road Roof Information Asphalt Shingle Traffic Count 28000

Interior Features

Cooling System Central Air Heat Type Gas On Gas Number Of Restrooms 1 Sq Ft Total 2087

Property Features

Additional Space Available YN No Agent Owner YN No Bank Owned Property No Business Name Oak Barrel Wine & Spirits Equipment Included Walking CoolersAtlantic Pos Systems Spirits 2000ShelvesFurnituresSignsSurveillance Systems. Equipment Value Estimated 100000 Foundation Type Block Heat Fuel Type Natural Gas Inventory Included YN No Land Included With Business Business Only (No Real Estate) Landlord Requirements Credit CheckReferences RequiredSecurity DepositLease Required Landlord Responibility Capital ImprovementsCommon Area MaintenanceParkingProperty Management Lease Years Remaining 7 Location Highway AccessUrban Monthly Lease Amount 4800 Potential Use Liquor Store Present Use Liquor Store Sewage System Public Sewer Connected Space Is Leased YN Yes Subdividable YN No Tenant Responsibility Air ConditioningAll UtilitiesElectricityExterior MaintenanceHeatHot WaterInsuranceLiability InsuranceReal Estate Taxes Under Agreement Yn No Utilities Available Electric Available Water Source Public Water Connected Year Business Established 4 Zoning Commercial

Listing information © 2024 Smart MLS
Listing provided courtesy of Snehal Dharani of Coldwell Banker Realty: (203) 389-0015.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-06-24T21:10:29.41.
 
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Coldwell Banker Premiere Realtors
142 Queen Street
Southington CT, 06489