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Convenience Store - Downeast Maine
Location: United States -> Maine
Industry: Retail > Convenience Stores Retail




Business Summary

This business is SBA Pre Qualified

This business was founded in 1947 and has been in continuous operation since that time.

Located directly on US Route 1, it has tremendous exposure for both locals and tourist alike.

Their liquor sales draw customers from quite far away as no other stores in the area will place custom orders. Some are driving 90 minutes to get their favorite libation. The store also has a special ATF License that allows them to resell alcohol to local restaurants.

There is a deli section that features freshly made sandwiches, baked good and a large variety of drinks. There is a small grocery section, a dedicated wine selection as well as camp supplies for those summer visitors.

The store recently closed down its can & bottle redemption center, leaving roughly 1,633 square feet of space vacant. The possibilities are endless. Consider a restaurant, additional retail space, living quarters or even renting it out to a tenant for storage.

The land area is about 7.25 acres with a very large frontage on US Route 1, which seems ripe for development. The real estate is not included in the purchase price. The final price of the real estate will be determined by appraisal. It is assessed (not appraised) at $232,790.

Has approximately 1,633 square feet of vacant space, possibilities are endless.

The seller will remain for a negotiable period of time in order to aid in the transition.

Inventory not included in purchase price.
Real Estate not included in purchase price.

Owner Qualifications:
State of Maine Licenses for Beer & Wine, hard Liquor, Tobacco & Lottery
Special ATF License for resale of Alcohol

** Confidential Listing, Not located in indicated zip code**


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,189,194
Cash Flow:   $124,597
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $130,000
Seller Financing:  No

About The Business

Year Established:  1947
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Retirement

Photos

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Convenience Store - Downeast Maine Photo 1




Print Listing Id: 700362279
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > Maine Businesses For Sale > Maine Franchises For Sale > Maine Business Brokers



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