Business Summary:
This well-established waterfront market is located in a popular recreation area near mid-coast Maine. It is on one of the state’s scenic lakes. The store does about $1.3 million in annual sales with about 25% in higher margin restaurant and take-out foods with excellent year round business from the local community and summer tourists. The real estate has additional space that can be leased out and a spacious owner apartment on the second floor.
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| Year
Business was Established: 1890 |
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| Number of Employees:
2 FT / 10 PT |
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| Facilities / Terms of Lease:
The market has plenty of retail and storage space, ample parking and room for expansion. The large modernized building has additional unused commercial space and a large 2,500 sq. ft. apartment on the second floor. A second apartment could be added. |
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| Potential
Growth/Expansion:
This area of Maine will continue to grow in both population and vacationers. The business has maintained a level of growth that exceeds the regional average of similar businesses. The physical plant is large enough to support any new growth areas. The store can expand its products and services to boaters, add a liquor agency store and add a deli case. There is room to add additional dock space. |
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| Competition:
The store is dominant in its market and has a prime location that serves year-round and seasonal customers. Lack of significant competition gives it a strategic advantage and its water access provides it with a lucrative and unique market niche. Year-round residents, summer vacationers and winter sports enthusiasts make up the store’s diverse and growing customer base. |
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| Owner
willing to finance:
Seller/Bank financing $150K on Biz. Bank $325K on R.E. Down Payment $220K Working Capital Needed $25K. Inventory purchase $25K |
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| Owner
willing to train:
The seller will provide transition training for a new owner. |
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| Reason for selling:
The seller would like to begin a new career. |
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Seller Reference Number: 54236
BusinessMart.com Listing Number: 54964 |
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