Mid-Coast Country Store

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Asking Price:
$375,000

Gross Revenue:
$1,800,000
Cash Flow:
$145,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

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

Location:
Maine
Year Established:
1971
Number of Employees:
2 FT / 6 PT
Real Estate:
Owned
Building Sq. Ft.:
7,500
Facilities:
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.
Market Outlook/
Competition:
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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About the Sale

Reason For Selling:
Seller desires to spend more time pursuing other opportunities.
Training/Support:
The seller will provide transitional training to a new owner.
Seller Financing:
Anticipated Seller $35K, Bank $265K. Down Pmt $75K. Working Cap $50,000 (est.)

Listing Info

ID:
1562533
Ad Detail Views:
226

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Business Listed by

Josh Saunders

Maine Business Brokers

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Sponsoring Broker:

Brian Hanson
Maine Business Brokers


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