Mid-Coast Country Store
FinancialsAsking Price of business :$350,000
Included In Asking Price :Real Estate and Furniture Fixtures & Equipment
Annual Sales :$1,600,000 Cash Flow :$100,000
Well-established country store located in the beautiful mid-coast region of Maine with over $1.5 million in annual sales and $100,000 in cash flow. The business is a cornerstone of the community and continues to see rapid growth as it expands its product offerings to meet the needs of its target market. In addition to the store, real estate assets included in the purchase price include two owner’s or rental units. Owner has identified long-term growth opportunities for a buyer to consider.
General InformationYear Established :1971
Employees :2 FT / 6 PT
Facilities :The business has plenty of retail and storage space, ample parking and room for expansion. The large building has over 4,500 sq. ft. of commercial space and an upstairs owner’s apartment, with a second apartment co-located on the property. The physical plant could support new growth areas and other improvements to take advantage of its growing market niche. Parking is more than adequate to meet current needs as well as future growth.
Business Location :Mid-Coast Maine
Competition & Market :
The business caters to the local, year-round population with a broad selection of product categories to meet day-to-day needs, while also enjoying a seasonal boost in sales from area visitors. Current ownership’s recent operational changes have resulted in increasing market share at the expense of local competitors with significant opportunity to continue, and even accelerate, this trend.
Growth & Expansion :
This area of Maine will continue to grow in both population and vacationers, allowing the business to benefit from the natural expansion of its market. The store has seen recent substantial growth as the current owners have discontinued low volume / margin categories and replaced those with more popular and higher margin business. There are many opportunities for continuing this growth, and the owner has identified two significant opportunities, which could result in substantial growth of both revenue and market share.
About the SaleFinancing :
Anticipated Seller $35,000. Anticipated Bank $245,000. Down Payment $70,000. Working Capital Needed $50,000 (est.)Support/Training : The seller will provide transitional training to a new owner.
Reason for Sale : Seller desires to spend more time pursuing other opportunities.
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