Speciality Store with Select Wine, Food, & Housewares

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30728748
Property Subtypes: Retail Stores
Building Size (RSF): 2,100 SF
Sale Price: $92,900
Gross Revenue: $579,202 (Annual)
Cash Flow: $88,814 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 9/14/2021

Overview / Comments

Nestled in a charming coastal Maine community, this well-established specialty store featuring select wine, food, and housewares has been a destination for locals, summer residents, and tourists for decades. This is a true turn-key opportunity with policies and procedures in place, seasoned talent, and a ready-made network of suppliers.

The future owner(s) will benefit from the following:
* Steady revenue, even through COVID.
* Great reputation in the community.
* Low employee turnover.
* Diverse supplier base.
* Strong social media following.
* Many growth opportunities. Follow your passion!

Additional Details

Industry Segment: Independent Stores
Reason for Selling: Owners are retiring.
Value of Inventory Included ($): $100,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 1700/month
Employee/Labor Description: 2 FT (owners)/6 PT
Mgmt/Training Support Description: Very flexible. Current owners want the business to be a success for the new owner(s), its employees, and customers. As such is willing to assist in the training and transition of the business.
Competition/Market Description: This shop has carved out a unique niche and does not have direct competitors.
Growth/Expansion Opportunities: Potential growth opportunities include: * Creating a loyalty program. * Collaborating more with local farms and artisans. * Building menu of food offerings. * Offering an online shop. * Providing regular wine tastings.

Contact

Photograph of Listing Agent

Scott Balfour

Magnusson Balfour Commercial & Business Brokers
NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.