Southern Vermont General Store

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Lovely Store and Area for Only $280,000!
Asking Price:
$280,000

Gross Revenue:
$210,133
Cash Flow:
$73,425
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$11,000
included in asking price

FF&E:
$18,000
included in asking price

Real Estate:
$250,000
included in asking price

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Business Description

Located on the Green of a very lovely Southern Vermont Community, this General Store is within minutes of a beautiful Lake and and a short drive to Castleton University! It sells groceries, wine, beer, other beverages, tee shirts, health & beauty aids, feed n’ grain, gifts, baked goods, has a very nice active deli department for the sale of sandwiches, subs, various cheeses, cold cuts, store made sausage, frozen seafood, cigars, fleece vests, and sells other general merchandise. Seller represents that the Gross sale were $210,133.00, and the Gross Profit, after Cost of Goods Sold, is $73,425.00. The store is open January, February, and March - Monday thru Saturday from 7:30am till 7pm, and Closed on Sundays. During the months April through December, the store is open Monday thru Saturday from 7:30am till 7pm, and Sundays from 9am till 3pm. There is also a “Village Post Office,” in the store that provides an additional $125.00 a month Rental Income to the Seller. There is a very nice spacious three bedroom owner’s apartment above the store that features a large living room with fireplace, dining room, kitchen, remodeled full bath, sun room, and laundry room. Currently the seller resides in the apartment, but it could provide additional rental income if rented out. Included in the Sale Price of only $280,000.00 is all the Real Estate, Store Fixtures and Equipment owned by the seller, and $11,000.00 Inventory at wholesale cost. Change your lifestyle, and live in a desirable area, and own and operate a very nice business in beautiful Vermont. ***A Buyer will need a minimum of $80,000 cash down payment, plus proceeds to cover closing costs and working capital to obtain a bank loan. Please, Qualified Buyers Only*** Confidential. No Brokers Please.

About the Business

Location:
Rutland County, Vermont
Real Estate:
Owned
Facilities:
Built around 1830 +/- this two story building is well maintained. New furnace put in in 2016; and a new foundation was put in under the detached Barn in 2015.
Market Outlook/
Competition:
No other store in this immediate Town.
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About the Sale

Training/Support:
Seller is willing to provide adequate training after the closing at no additional expense to buyer(s).. Training period duration to be negotiated between seller and buyer(s).

Listing Info

ID:
1386913
Ad Detail Views:
4848

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Business Listed by

Mark Benetatos

White Birch Realty, LLC

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