Business Overview

Listing includes general store business and 2 multi-unit buildings. Cash flow and gross revenue are for the business, not the real estate.

Business is listed at $190,000
Real estate is listed at $510,000

General stores provide nourishment, supplies, and a warm place to gather in villages across Maine. Nestled in the middle of a charming coastal village, this general store is truly the heart of the community. The store features a large, diverse inventory and a successful prepared foods and takeout business. The loyal local customer base, seasonal customers, and tourists all rave about the top-notch menu offerings, warm customer service, and community spirit.

The future owner(s) of this gem will benefit from the following:
• Great reputation for delicious food and unbeatable customer service.
• Strong emphasis on high-quality ingredients.
• Diverse offering and wide appeal.
• Established business with a very loyal local customer base.
• Seasoned and dedicated staff.
• Established online ordering and delivery system.
• Exciting list of growth opportunities.

Financial

  • Asking Price: $700,000
  • Cash Flow: $63,073
  • Gross Revenue: $1,537,800
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The current owner wants the business to be a success for the new owner, its employees, and customers. As such is willing to assist in the training and transition of the business for a period not to exceed two weeks.

Purpose For Selling:

The owner is retiring.

Pros and Cons:

This business has no direct competitors and plays a vital role in its community.

Opportunities and Growth:

Suggested growth opportunities include building the delivery business, increasing catering contracts, possibilities for streamlining the inventory, and more. Complete list in brochure.

Additional Info

The business has 13 employees and is situated in a building with disclosed square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. Nevertheless, the real reason and the one they say to you might be 2 completely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other factors. This is why it is really essential that you not depend absolutely on a seller's word, but instead, make use of the vendor's answer together with your total due diligence. This will paint a much more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new clients? Often times, businesses have repeat clients, which form the core of their daily earnings. Specific aspects such as brand-new competition sprouting up around the location, road building and construction, as well as employee turnover can affect repeat clients and adversely affect future earnings. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the chance to build a returning client base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the local median family income impact future earnings prospects?