Facebook Twitter Linked in Glen Cooper's Blog
Twitter Business Alerts
Business 4 Sale. Marine Construction – Hi-End Docks & More. Price reduced to $325K. Sales $325K. Cash Flow $110K. Go to: http://goo.gl/bbzD
Featured Opportunities
Masonry Contractor
Industrial, commercial and residential clients!Custom Manufacturer of Energy Vehicles
Leader in the servicing of energy delivery vehicles!Camping Experts Towable Dealer
Ten Thousand Units Sold and Growing
Busy Rural Convenience Store
Financials
Asking Price of Business: $250,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $150,000
Inventory: $50,000
Asking Price of Real Estate: $450,000
Cash Flow: $125,000
Cash flow includes $90,000 from the business plus $35,000 from add-back of real estate rent.
Annual Sales: $2,750,000
Summary Description
This well-established rural convenience store is located on a busy commercial route. It is located in one of Maine’s scenic lake and recreation areas. The store does about $2.7 million in annual sales with about 65% in gas and about 35% in higher margin grocery and take-out foods including pizza, sandwiches, and deli items. It has an inside seating area for 20 people. The store is noted for its wide selection of novelty items. Sales are year-round with a strong peak in summer. The sale includes real estate with an additional 16 acres of undeveloped land.
General Information
Year Established: 1972
Employees: 9 Full-Time; 12 Part-time
The store is approximately 2,500 SF with a full foundation. The business has 380 feet of highway frontage on 16 acres of flat developable land. The store was remodeled in 1997 and has been very well maintained.
Market Outlook
Competition & MarketThe store is dominant in its market and has a prime location that serves year-round and seasonal customers. There are no nearby grocery stores and its nearest competition is about half its size. Year-round residents, summer vacationers and winter sports enthusiasts make up the store’s diverse and growing customer base.
Growth & Expansion:
This area of Maine will continue to grow in both population and vacationers. Located on sixteen acres of land, there is plenty of room to expand the store, add new products and develop new ideas. The location and traffic count would lend itself to expansion into related businesses such as a truck stop, and/or restaurant.
About the Sale
Financing:
- Anticipated Bank on Business: $150,000
- Anticipated Bank on Real Estate: $350,000
- Total Down Payment Needed: $200,000
- Working Capital Needed: $25,000
Support/Training: The seller will provide transition training for a new owner.
Reason for Sale: Retirement
Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
Before we can provide you with more information about our listings we need your agreement to confidentiality and your registration with us as a potential buyer. If you are not yet registered with us, please follow the link below to the Registration page. If you are already registered with us, follow the link to the inquiry page or contact the broker with whom you have been working.
Registration
Already Registered? Click here...
“Their knowledge about financing is only exceeded by their understanding of human relations and the dynamics of negotiation.”
Stanley Bernard
Seller, SHAD'S Advertising, Auburn, Maine
