Financials
Asking Price of Business: $250,000
    Included in the Asking Price:
    Furniture, Fixtures & Equipment: $90,000
Inventory: $25,000
Real Estate: $500,000
Gross Sales: $4,000,000
Cash Flow: $163,000; $115,000 from business plus $48,000 rent
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Summary Description
The store is strategically located along one of Portland’s busiest
thoroughfare. It offers fuel and convenience store items with projected
sales of $4 million. About 89% comes from fuel sales, with over seven
hundred thousand gallons projected to be sold in 2008. The store is
adjacent to a large residential area and is a prime location for co-branding
or expanding into pizza and sandwiches. The sale includes the real estate.

General Information
Year Established: 1994
Employees: 2 FT year round, plus 1 PT
Facilities: The 2,500-square foot building offers ample space for expansion
into food service.  The site has easy street access, lighting, a large canopy
and good parking.  The pumps and tanks are less than ten years old and are
in excellent condition.

Market Outlook
Competition & Market
Portland is a very competitive fuel market, but the store’s location, parking
and traffic count give it a strategic advantage.

Growth & Expansion
Portland offers the largest market in the state, and this store’s location and
lack of nearby competitors makes it a solid business. The addition of a
co-branding franchise or other quick serve food would add substantial
revenue growth.

About the Sale
Financing: 
Anticipated Bank Financing on the business $125,000
Anticipated Bank Financing on the R.E. $350,000
Total Down Payment: $275,000
Inventory Purchase: $25,000
Working Capital Needed: $25,000

Support/Training: Seller will provide transition training.
Reason Selling: Owner has other business interests.

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

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