| Asking Price |
$885,500 | Inventory |
$115,000** |
|---|---|---|---|
| Gross Income |
$725,000 | Real Estate |
$350,000* |
| Cash Flow |
$159,000 | Year Established | 1905 |
| FF&E |
$215,000* | Employees | 10 ft |
* included in the asking price
** not included in the asking price
This is truly a once-in-a-lifetime opportunity to purchase a historically significant business with an impeccable reputation for quality, substantial profits and high repeat business on the scenic shore of Penobscot Bay. Recently voted one of America s 10 coolest small towns, here you will fine a thriving business community mixed with a vibrant cultural scene. Quality of life at its best! HUGE barrier to entry, nearly impossible to replicate. Designer, manufacturer, and marketer of proprietary products distributed through mail-order/internet and wholesale channels. International market with high repeat sales. The Company also provides services related to the maintenance of those products. No other company offers this total range of products and services. A buyer will enjoy the benefit of the foundation laid by the current owners and all those who came before to this 100+ year-old business.
Facilities: Located in a scenic village nestled on the shore of Penobscot Bay, considered one of the 10 best sailing grounds in the world. The area was recently voted on of the 10 coolest communities in the country. Lively arts and cultural scene complement this business operating from 4+ acres on coastal Route 1 with further development potential.
Competition: This is the only company of its kind, offering a complete line of products and services to maintain those products. Virtually impossible to replicate. Significant barrier to entry.
Growth/Expansion: Company has well established mailorder, catalog, and Internet presence but needs more marketing focus. Other product lines could easily be added to service existing customer base.
Support/Training: The sellers are dedicated to ensuring a smooth transition to new ownership and look forward to seeing the Company properly placed into the hands of a visionary entrepreneur.
Reason Selling: Retirement, second time around.

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