Description
Brody's Seafood Market and Deli! Ideal Opportunity to own a well-established, turnkey business with a beloved & consistent customer following in a highly visible location. Brodys is known for the many choices its customers have, including an onsite restaurant, a retail Fresh Seafood Market, quality ice cream, and a fully stocked convenience store, all laid out on a first floor, 3,678 Square Feet. Upgrades to mechanicals and equipment were completed in 2018. This investment opportunity brings tremendous income growth to its already profitable business model, potentially building out an existing 2nd and 3rd floor for rental income. These floors have the potential for multiple residential units that could be eligible for grants from Norwich Community Development Corporation with the Norwich Revitalization Program totaling $300,000. If you have been searching for a well-established income-generating business with a customer following, this would be your opportunity. *Investment Assumptions: 25% Down, 0% Vacancy, 3% reserves for replacement, 0% management fees, No Depreciation Accounted for, $18,000 in yearly rents while market suggests $43,474.YIELDS: NOI of $76,127 with an additional $39.188 (28.5%) return on investment. No seller financing will be permitted. All buyers must provide proof of funds before viewing the property. *Information deemed to be reliable but not guaranteed. The buyer must verify income streams in tandem with the seller.
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0BEDS
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0.45ACRES
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0BATHS
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01/2 BATHS
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3,678SQFT
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$136$/SQFT
School Ratings & Info
Description
Brody's Seafood Market and Deli! Ideal Opportunity to own a well-established, turnkey business with a beloved & consistent customer following in a highly visible location. Brodys is known for the many choices its customers have, including an onsite restaurant, a retail Fresh Seafood Market, quality ice cream, and a fully stocked convenience store, all laid out on a first floor, 3,678 Square Feet. Upgrades to mechanicals and equipment were completed in 2018. This investment opportunity brings tremendous income growth to its already profitable business model, potentially building out an existing 2nd and 3rd floor for rental income. These floors have the potential for multiple residential units that could be eligible for grants from Norwich Community Development Corporation with the Norwich Revitalization Program totaling $300,000. If you have been searching for a well-established income-generating business with a customer following, this would be your opportunity. *Investment Assumptions: 25% Down, 0% Vacancy, 3% reserves for replacement, 0% management fees, No Depreciation Accounted for, $18,000 in yearly rents while market suggests $43,474.YIELDS: NOI of $76,127 with an additional $39.188 (28.5%) return on investment. No seller financing will be permitted. All buyers must provide proof of funds before viewing the property. *Information deemed to be reliable but not guaranteed. The buyer must verify income streams in tandem with the seller.
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