Catylist ID: #30728748
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|
|Gross Revenue:||$579,202 (Annual)|
|Cash Flow:||$88,814 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
Overview / Comments
Nestled in a charming coastal Maine community, this well-established specialty store featuring select wine, food, and housewares has been a destination for locals, summer residents, and tourists for decades. This is a true turn-key opportunity with policies and procedures in place, seasoned talent, and a ready-made network of suppliers.
The future owner(s) will benefit from the following:
* Steady revenue, even through COVID.
* Great reputation in the community.
* Low employee turnover.
* Diverse supplier base.
* Strong social media following.
* Many growth opportunities. Follow your passion!
|Industry Segment:||Independent Stores|
|Reason for Selling:||Owners are retiring.|
|Value of Inventory Included ($):||$100,000|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$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.|
Scott BalfourMagnusson Balfour Commercial & Business Brokers
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