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.


Photograph of Listing Agent

Scott Balfour

Magnusson Balfour Commercial & Business Brokers
NECPE Member
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