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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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Waterfront Country Store
Financials
Asking Price of Business: $220,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $90,000
Inventory: $25,000
Asking Price of Real Estate: $475,000
Cash Flow: $172,000
Cash flow includes $60,000 rent add-back.
Annual Sales: $1,300,000
Summary Description
This well-established waterfront market and convenience store is located in a popular recreation area near mid-coast Maine. It is on one of the state’s scenic lakes. The store does about $1.3 million in annual sales with about 25% in higher margin restaurant and take-out foods with excellent year round business from the local community and summer tourists. The real estate has additional space that can be leased out and a spacious owner apartment on the second floor.
General Information
Year Established: 1900
Employees: 2 Full-Time; 10 Part-time
The market has plenty of retail and storage space, ample parking and room for expansion. The large modernized building has additional unused commercial space and a large 2,500 sq. ft. apartment on the second floor. A second apartment could be added.
Market Outlook
Competition & MarketThe store is dominant in its market and has a prime location that serves year-round and seasonal customers. Lack of significant competition gives it a strategic advantage and its water access provides it with a lucrative and unique market niche. 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. The business has maintained a level of growth that exceeds the regional average of similar businesses. The physical plant is large enough to support any new growth areas. The store can expand its products and services to boaters, add a liquor agency store and add a deli case. There is room to add additional dock space.
About the Sale
Financing:
- Anticipated Bank/Seller on Business: $150,000
- Anticipated Bank on Real Estate: $325,000
- Inventory Purchase: $25,000 - May be more or less at time of closing
- Down Payment Needed: $220,000
- Working Capital Needed: $25,000
Support/Training: The seller will provide transition training for a new owner.
Reason for Sale: The seller would like to begin a new career.
Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
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