General Market and Package Service in Washington County, Maine

Price: $132,500

Location: Washington County, Maine

Industry: Retail

Listing ID: CM120723

This unique business serves as a farmer’s market, where many local growers and artisans bring items of all sorts to sell, but due to its strategic location along the Canadian border, also serves as a major package receiving hub for about 9,000 customers.

This business is nicely diversified.  Income streams include package receiving, grocery sales, brand name feed sales for farm animals, birds and domestic pets and four beautifully furnished 2-bed apartments above the store, and two more next door renting at $1,100/month each for a total of $6,600 per month in income.

There are incredible opportunities for growth.  With so many customers utilizing the package receiving service, a small tweak in fees results in huge increases in profit.  For example, the seller has just raised her prices on receiving packages by $1.00 per package.  With a very rough guess of 10 parcels per customer per year, that equates to $90,000 in new net profit.

Small annual increases should optimize income nicely while retaining customers.

The seller is also currently turning away many opportunities to ship packages.  By signing on with FedEx, UPS, DHL and the US Post Office as an Authorized Shipper, the owner can add a significant new revenue stream that capitalizes on the existing package receiving business.

There is also a vacant lot (0.84 acres +/-) that can be developed.

The seller has applied for a license to sell liquor, which should also increase sales and foot traffic.

Financials

Purchase Price: $132,500
Cash Flow: $160,000
Gross Revenue: $326,414
Inventory $ 30,000 (not included in sale price)
Assets: $20,000 (not included in sale price)
Real Estate: $752,500 (not included in sale price, might be available, incidental to the sale of the business, subject to commercial appraisal)
Employees: 3 FT, 1 PT
Founded: 1982
Reason for Sale: Retirement
Training: The seller will assist with the transition.

Note: Financials are seller-provided and not audited by Inbar Group ,Inc.

Gross Revenue: $326,414

Cash Flow: $160,000

FFE: $20,000

Inventory: $30,000

Real Estate $752,500

Terms & Conditions:

Real estate incidental to the sale of the business. Seller estimates value at $752,500. Subject to commercial appraisal.

Reason for Sale:

Owner is seeking retirement

Training & Support:

Seller will stay on to assist with transition

Year Established: 1982

Employees: 3 FT, 1 PT