Financials
Asking Price: $500,000
    Included in the Asking Price:
    Furniture, Fixtures & Equipment: $70,000
    Real Estate: $400,000
Inventory: $30,000
Gross Sales: $1,600,000
Cash Flow: $110,000 from Business, plus $45,000 rent add-back from
store rent and an additional $6,000 from apartment rental. Total cash
flow $161,000.

Summary Description
The store is strategically located in an area of steady growth due to
Interstate development. It offers the fuel and convenience of a traditional
c-store with a full range of quick serve food items and indoor seating as
well as take-out. The business does about $1.5 million in annual sales
with close to 65% in higher margin in-store grocery and food sales.
About 35% comes from gasoline sales.  Sales are year-round with a
strong peak in summer. The store is adjacent to the ITS snowmobile
trail system for excellent winter business. The sale real estate is
available for acquisition.

General Information
Year Established: 1992
Employees: 3 FT year round, plus 60-10 PT depending on season.
Facilities: The 4,700 SF building is located on a 30,000 SF corner lot. 
New signage, pumps, paving and exterior renovations and landscaping
have been added in the last several years.  A second floor apartment
can be used by an owner/operator or rented for additional income.
(Estimated additional $6,000 in rental income.) The business owns the
fuel tank and pumps. The real estate is included in the sale.

Market Outlook
Competition
The store has a prime location in its market and serves year-round and
seasonal customers. The excellent corner lot is a grandfathered use in a
development zone.  Year-round residents, summer vacationers and winter
sports enthusiasts make up the store’s varied and growing customer base.

Growth & Expansion
This area of Maine will continue to grow in both population and vacationers,
with an ever increasing traffic count by the store. With the addition of city
sewer, the building can be expanded with a large canopy and additional
fuel islands.  Ample space could be converted to synergistic uses or rented
out for co-branding opportunities.

About the Sale
Financing:
    Potential Seller/Bank Financing on Business $50,000
    Anticipated Bank Financing on the R.E. $280,000
    Total Down Payment: $170,000 
    Inventory Purchase: $30,000
    Working Capital Needed: $20,000

Support/Training: Seller will provide transition training.
Reason Selling: Seller is moving on to new business opportunities.

Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Email: Lee@MaineBusinessBrokers.com

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