Colt Hwy Farmington, CT 06032

Property Details for Colt Hwy

Property type

Investment properties

Description

Oak & Barrel Wine & Spirits, a thriving Farmington, CT, business, presents a unique investment opportunity. Established in 2019, this 2,087 square foot boutique wine and liquor store is situated within a bustling shopping center. The store boasts a charming rustic/country design, creating an inviting atmosphere for customers. Its inventory includes a curated selection of high-quality wines, spirits, and microbrews. The business model incorporates in-store tasting tables, perfect for hosting events and enhancing customer engagement. The knowledgeable staff contributes to a positive customer experience and contributes to the store's success. This absentee-owned, turnkey operation is ideally positioned for growth, benefiting from a strong local demographic. With a population of 56,000 within a three-mile radius and a daily traffic count of 28,000 vehicles, the potential for increased revenue is significant. Opportunities for expansion include leveraging e-commerce platforms, enhancing social media marketing, extending operating hours, and diversifying product offerings. This established business offers a compelling opportunity for a new owner to capitalize on its existing success and implement strategies for further expansion and profitability. The asking price is $325,000.

Location Insight

City

Farmington

County

Hartford

State

Connecticut

Longitude

-72.8474

Latitude

41.7052