Profitable Southern VT General Store For Sale

Readsboro, VT (Bennington County)

Seller Financing Available
Profitable Southern VT General Store For Sale
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Asking Price: $359,000

Cash Flow: $47,890

Gross Revenue: $691,000

EBITDA: N/A

FF&E: $12,000

Inventory: $28,000*

Real Estate: N/A

Established: 1998

*not included in asking price.

Profitable Southern VT General Store For Sale

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Business Description

Readsboro General Store For Sale

The Readsboro General Store has been serving the Readsboro and surrounding communities in its current location since 1998. It is conveniently located on VT Route 100 less than a half mile South of the center of Readsboro Village.
The business operates year-round, with a staff of 2+/- full and 2 +/-part time employees. The business sells a wide variety of convenience items, offers home-cooked meals, signature and custom deli sandwiches, coffee, baked goods, beer & wine, tobacco products, and VT State Lottery.
This long standing, extremely successful business generates an average of nearly $700,000 gross sales annually. There are opportunities to expand by adding to the current offerings and/or developing ancillary business lines to generate additional revenue. Current owner would like to retire and is looking for a new owner to infuse energy into the business to bring it to the next level.
The business operates on a highly visible corner lot in Readsboro, Vermont with great road frontage and exposure on VT Route 100 a main thoroughfare and Branch Hill Road. The business is within close proximity to Bennington, Brattleboro, Wilmington, and North Adams, MA. The property borders and overlooks the West Branch Deerfield River.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,800
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property includes: a 4,800 sf building with the market and deli occupying 2,400 square feet on the ground level. The lower level, which is a walk out has an additional 2,400 square feet and is currently used for storage, with opportunity to develop additional retail space or an income generating residential apartment. The building was built in 1998 and is all steel construction with vinyl siding and a metal corrugated roof. The building is in excellent condition and will require very little ongoing maintenance costs. The .75 acre lot has room for expansion and was graded so that it is possible to create a lower level parking lot with drive around accessibility
Competition:
The Readsboro General Store has no competition for convenience items or gasoline sales within 10+ miles of their location. The store is the only option for gas on Route 100 from the intersection of Route 8 to the intersection of Route 112.
Growth & Expansion:
Despite the challenges inherent with convenience and restaurant businesses, Readsboro General Store has shown consistent growth in year after year revenue numbers. There are additional opportunities to expand the business by expanding the retail goods selection, providing propane filling and/or exchange, offering bottle & can redemption services, and expanding the current deli & prepared foods operation.
Support & Training:
Seller will include transition assistance details and time commitment to be negotiated.
Reason for Selling:
Owners to retire
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Bryan Phelps

Business Listed By:
Bryan Phelps

Stonewell Properties, LLC

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