Downeast Maine Convenience Store with Liquor & Lottery

Price: $275,000

Location: Maine

Industry: Retail

Listing ID: CM03262021

This business was founded in 1947 and has been in continuous operation since that time.

Located directly on US Route 1, it has tremendous exposure for both locals and tourist alike.

Their liquor sales draw customers from quite far away as no other stores in the area will place custom orders. Some are driving 90 minutes to get their favorite libation. The store also has a special ATF License that allows them to resell alcohol to local restaurants.

There is a deli section that features freshly made sandwiches, baked good and a large variety of drinks. There is a small grocery section, a dedicated wine selection as well as camp supplies for those summer visitors.

The store recently closed down its can & bottle redemption center, leaving roughly 1,633 square feet of space vacant. The possibilities are endless. Consider a restaurant, additional retail space, living quarters or even renting it out to a tenant for storage.

The land area is about 7.25 acres with a very large frontage on US Route 1, which seems ripe for development. The real estate is not included in the purchase price. The final price of the real estate will be determined by appraisal. It is assessed (not appraised) at $232,790.

The seller will remain for a negotiable period of time in order to aid in the transition.

Listing Details

Gross Revenue: $1,189,194

Cash Flow: $124,597

EBITDA: $124,597

Inventory: $130,000

Terms and Conditions?:

Inventory not included in purchase price.
Real Estate not included in purchase price.

Reason For Sale:

Retirement

Training & Support:

Seller will remain for a negotiable period of time to aid in transition.

Operation

Year Established: 1947

Days & Hours of Operation: Monday-Saturday 6AM-7PM, Sunday 8AM-7PM

Non-Owner Payroll: $146,432

Employees: 5 FT (including owner), 1PT

Location

Square Footage: 3,162 sq ft

Summary

Owner Qualifications:

State of Maine Licenses for Beer & Wine, Hard Liquor, Tobacco & Lottery

Special ATF License for Resale of Alcohol

 

Potential Growth:

Has approximately 1,633 square feet of vacant space, possibilities are endless.