We have owned this business for 18 years and continue to grow sales . This conv store is in an excellent location, turn key and has lots of potential to expand. Currently has 2 cash registers and is busy all the time, a staple in its community. Has beer, wine, groceries, hot foods, soda, chips ect....No gasoline. Business has been well maintained with newest additions being shingled roof and walk in cooler compressor. Store is located in North Central Maine not far from Bangor and is right off I-95 North. It is by far the busiest store in the area and well known for great food, fun and customer service, an excellent opportunity for someone who wants to work hard and continue to support a small community. Currently doing $1.8 million annually in sales
About the Business
Number of Employees:
Building Sq. Ft.:
Multiple coolers, freezers. Large walk-in Beer/Milk cooler, 2 Cash registers with scanners , 2 Credit card machines, 2 hot food fryers, pizza oven, Sandwich prep table, fire suppression system hood vent, grocery shelving, outside storage building, signage ect.. all fixtures in a complete operating conv. store
One restaurant and one other convenience store in town
Growth & Expansion:
The Store is very busy in its 2400 sq foot existing location and has room to expand with plenty of sales growth opportunity. The area is in need of a small grocery store and this location has the potential if someone wanted to expand.
Been in retail for 37 years looking to do something different
Current fully trained staff, willing to discuss staying on for a period of time for training/support
Ad Detail Views:
Asking Price: $399,000 Gross Revenue: $2,000,000Cash Flow: $95,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 included in asking priceFF&E: Not Disclosed 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.
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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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