Waterfront Country Store

Retail - Other Food Stores | Retail - Convenience Stores

Asking Price	$220,000	Inventory	$25,000**
Gross Income	$1,300,000	Real Estate	$475,000**
Cash Flow	$172,000	Year Established	1890
FF&E	$90,000*	Employees	12

* included in the asking price

** not included in the asking price

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.

Facilities: 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.

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.

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.

Financing: Seller/Bank financing $150K on Biz. $325K on R.E. Down $220K $25K. Inventory $25

Support/Training: The seller will provide transition training for a new owner.

Reason Selling: The seller would like to begin a new career.