Asking Price: $375,000 Gross Revenue: $1,800,000Cash Flow: $145,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 not included in asking priceFF&E: $25,000 included in asking priceReal Estate: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This well-established country store, located in the beautiful mid-coast region of Maine, continues to grow in 2019. The business is a cornerstone of the community and continues to see rapid growth as it expands its product offerings to meet the needs of its target market. In addition to the store, real estate assets included in the purchase price include two owner’s or rental units. Owner has identified long-term growth opportunities for a buyer to consider.
About the Business
Number of Employees:
2 FT / 6 PT
Building Sq. Ft.:
The business has plenty of retail and storage space, ample parking and room for expansion. The large building has over 4,500 sq. ft. of commercial space and an upstairs owner’s apartment, with a second apartment co-located on the property. The physical plant could support new growth areas and other improvements to take advantage of its growing market niche. Parking is more than adequate to meet current needs as well as future growth.
The business caters to the local, year-round population with a broad selection of product categories to meet day-to-day needs, while also enjoying a seasonal boost in sales from area visitors. Current ownership’s recent operational changes have resulted in increasing market share at the expense of local competitors with significant opportunity to continue, and even accelerate, this trend.
Growth & Expansion:
This area of Maine will continue to grow in both population and vacationers, allowing the business to benefit from the natural expansion of its market. The store has seen recent substantial growth as the current owners have discontinued low volume / margin categories and replaced those with more popular and higher margin business. There are many opportunities for continuing this growth, and the owner has identified two significant opportunities, which could result in substantial growth of both revenue and market share.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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