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This is a long well established convenience store in the south end of Hartford. Its been at the same location for over 10 years and owned by the present owners for 5 years.
The store has potential to a lot more sales with Greek Holidays and being opening on Sunday. Sales for 2009 were $154,000 and very profitable. Sales for January thru May 2010 are $55,435 with net operating income of $32,263.43 after the bills were paid.
The store sells the standard venue of groceries, dairy, lotto, cigarettes etc - BUT the big draw is the store's reputation for its Greek Food Products. All the greek cheeses, meats, frozen products, virgin olive oil and on and on. Customers come from all over for these greek products - as far away as Springfield, Massachusetts, Colchester to Avon, CT, the Hartford area and more.
You can lease the store for $1500.00 a month, or purchase the business and also buy the real estate for $345,000 The real estate consists of the store on the 1st floor and apartments on the 2nd and 3rd floor. The rent roll (not including the store) - just for the apartments is $44,000 a month. (just had commercial appraisal performed).
Call and kick the tires on this one, Jeff Curtis, 860-674-9755, extension 15 or visit us at www.hbbus.com.
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