Charming Vermont Country Store for only $225,000!

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NOT AVAILABLE! - "UNDER CONTRACT"
Asking Price:
$225,000

Gross Revenue:
$287,107
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$28,000
included in asking price

FF&E:
$31,700
included in asking price

Real Estate:
$165,300
included in asking price

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Business Description

Charming Country Store located in Addison Country a short distance from Middebury Vermont, and Middlebury College that has been featured on television, newspapers, and magazines. The sellers have owned and operated this store since 1976, and most definitely this is a “mom and pop” store! This store sells groceries, wine, beer, other beverages, bread, pottery, tee shirts, sweat shirts, cold meats, cheese, ice cream, frozen foods, candy, maple syrup, magazines, greeting cards, sells gasoline, and other general merchandise. Gross Sales in 2017 were $287,107.00. The store is open Monday through Friday from 7am till 7pm; and on Saturday and Sunday from 8am till 6pm. The store inside is decorated with many antique items collected and purchased by the sellers over the last four decades, and these will stay with the store! There is also a U.S. Post Office in the store to service the local population, and which provides the sellers $200.00 a month rental income. Above the store is a two bedroom apartment that could be used by the new owners, or could provide additional rental income to the new owners. Presently the apartment is rented for $600.00 a month with no utilities included. There is also a small barn on the half acre +/- lot. The retail area of the store is approximately 30ft X 30ft. Included in the Sales Price of Only $225,000 is all the Real Estate, Store Fixtures and Equipment owned by the sellers, all the various decorative antiques inside the store, and $28,000 Inventory at Wholesale Cost. After forty-one years of owning and operating this successful store, the sellers wish to retire! This is a wonderful opportunity for someone! Confidential. No Brokers Please. ***A BUYER WILL NEED A MINIMIUM CASH DOWN PAYMENT OF $100,000; PLUS PROCEEDS TO COVER CLOSING COSTS AND WORKING CAPITAL. PLEASE, QUALIFIED BUYERS ONLY ***

About the Business

Number of Employees:
None
Real Estate:
Owned
Facilities:
Building was built in 1879 +/-. The sellers have kept the building in good repair. The building is two stories.
Market Outlook/
Competition:
No immediate competition in Town. Nearest competition is four miles away.
Growth & Expansion:
There is potential for growth in business.
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About the Sale

Reason For Selling:
Retiring after "41 Years" of Successful Ownership of this Business!
Training/Support:
Seller will provide adequate training to buyers to teach them in all aspects of their business at no additional charge. Training will be after the closing and consist of eight hours a day where one of the sellers will work with buyers for up to fourteen days following the closing.
Seller Financing:
No

Listing Info

ID:
1361995
Ad Detail Views:
3193

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Business Listed by

Mark Benetatos

White Birch Realty, LLC

 Show Phone Number

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U.S. Census Data for Addison County, VT
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Addison County, VT
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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