Convenience Store/Restaurant/Lobster Pound

Saco, ME (York County)

Seller Financing Available
Convenience Store/Restaurant/Lobster Pound

Asking Price:$479,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$479,000

Established:1940

Convenience Store/Restaurant/Lobster Pound

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Business Description

Amazing location & Motivated Seller = Prime Opportunity!

This is an extremely under utilized business. A completely non owner run operation, with different managers over the years, which has resulted in not maximizing the potential of this location. Revenues could be increased drastically with an invested, owner run, interest in the day to day operation of the take-out/restaurant, lobster pound and convenience store!

With a captive audience, and no other stores in the area, the potential for adding inventory, or just utilizing the space currently just being used for storage, i.e. upstairs dining room!

I can't stress enough the potential for this property under the right management. The current owners have another business, are at retirement age, and this is just more than they can handle or oversee. The local neighbors and tourist are waiting for a change! Inventory not included in asking price.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
3,600
Employees:
5
Facilities:
Unique offering with multiple businesses under one roof! Lot size 100 x 50, corner lot. Built in 1940, but many upgrades over the years. Building has 3200 sq. ft. of mostly retail space, but includes a small 2 bedroom apartment above the store. Approx. 10 parking spaces Fully equipped lobster pound, convenience store (with large walk-in cooler), full kitchen, dining room and 3 bathrooms.
Competition:
What makes this property so desirable is that it has a captive audience, there are no other businesses like this in the area. It is within walking distance to the Public Piers on the Saco River and the public beach in Camp Ellis. Large summer population in a very quaint seaside village. People are vacationing and don't want to drive 10 miles to get basic food and sundries... this offers that convenience.
Growth & Expansion:
The hours of operation are limited during the height of the season, and they closed Labor Day! Increased hours and lengthening season would be recommended The 2nd floor dining room isn't open, I believe you could expand that to include a pub with beer and wine. It has water views from the 2nd floor. Increasing/changing the type of staple products available for sale.
Financing:
Possible with considerable downpayment
Support & Training:
Possible training available.
Reason for Selling:
Absentee Owner Run Business

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Charlene Weinstein

Business Listed By:
Charlene Weinstein

Charlene's Coastal Properties, LLC

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