Business Summary:
The store is strategically located at a major Interstate interchange. It offers fuel and convenience store items with projected sales of $4 million. Annual gasoline sales are about one million gallons. In-store sales have run approximately 15% of total sales. Sales are year-round with a strong peak in summer. The store is newly renovated and expansion opportunities make it one of Central Maine’s top convenience stores. The sale includes real estate.
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| Year
Business was Established: 1975 |
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| Number of Employees:
2FT/4PT |
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| Facilities / Terms of Lease:
The 4,000 SF building is located on a corner lot directly off an I95 ramp. New signage, pumps, paving and exterior renovations and landscaping have been added in the last year. 2000 SF of office space can be rented or converted to co-branding opportunities or car wash. The business owns the fuel tank and pumps. The real estate is included in the sale. |
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| Potential
Growth/Expansion:
This area of Maine will continue to grow in both population and vacationers, with an ever increasing traffic count by the store. Ample space could be converted to synergistic uses or rented out for co-branding opportunities. |
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| Competition:
The store has a prime location in its market and serves year-round and seasonal customers. It is the dominant store at the interchange. |
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| Owner
willing to finance:
Anticipated Bank Financing on Business $150,000; Anticipated Bank Financing on R.E. $750,000; Total Down Payment: $390,000; Working Capital Needed $30,000 Inventory Needed $30,000 |
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| Owner
willing to train:
Seller will provide transition training. |
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| Reason for selling:
Corporate consolidation. |
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Seller Reference Number: 54226
BusinessMart.com Listing Number: 47475 |
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