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Business 4 Sale. Marine Construction – Hi-End Docks & More. Price reduced to $325K. Sales $325K. Cash Flow $110K. Go to: http://goo.gl/bbzD
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Wholesale Jewelry Distributor
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Substantial Growth! In-Demand Product & Services!
Market, Restaurant & Liq. Store
Financials
Asking Price of Business: $195,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $90,000
Inventory: $30,000
Cash Flow: $160,000
Cash flow includes $160,000 from business, $32,000 from add-back of real estate rent, and $18,000 from rental income.
Annual Sales: $1,150,000
Summary Description
This well-established rural market, agency liquor store and restaurant is located on a busy state highway that connects southern Maine to recreational lake and ski areas in the western part of the state. The store does about $1.1 million in annual sales with about 32% in higher margin restaurant and take-out foods. It has an inside seating area for nearly 60 people. The market is the only agency liquor store in town and has the only mega-bucks and ATM machines. The owner is open to either a lease or selling the real estate.
General Information
Year Established: 1860
Employees: 6 Full-Time; 12 Part-time
The store is located in a historic building with plenty of retail and storage space, ample parking and room for expansion. The market has about 4,000 SF of space on the first floor. A new commercial kitchen was added in the 1990s, and other upgrades to the building have been made each year.
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. There is ample oven and food prep capacity to expand into catering, and the “home meal replacement” market.
About the Sale
Financing:
- Anticipated Bank/Seller on Business: $125,000
- Down Payment on Business: $70,000
- Inventory Purchase: $30,000
- Working Capital Needed: $20,000
Support/Training: The seller will provide transition training for a new owner.
Reason for Sale: The seller would like to travel for a few years and then begin a new career.
Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
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