NEW PRICE!! Convenience Store w/ Take-out, Gas & Real Estate!

Undisclosed Address, Eliot, ME 03903
Business Opportunity for Sale
Catylist Listing ID: 30380932
Property Subtypes: Retail Stores
Building Size (RSF): 2,640 SF
Sale Price: $469,900
Gross Revenue: $1,514,329 (Annual)
Cash Flow: $125,730 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Includes real estate and Furniture, Fixtures & Equipment
Last Updated: 8/9/2019

Overview / Comments

The business is primarily a full service convenience store with groceries, large selection of beer and wines, dairy, ice cream, propane exchange, ice, lottery, and more.  It has a well-established customer base, evenly distributed between self-service equipment, convenience store amenities, and an on-site grill/lunch counter that delivers to the Portsmouth Naval Shipyard.

Current owner has made significant upgrades to the equipment and facilities, including the fuel tanks being replaced in 2008.  A new owner could continue to run the business "as is" or remove the gas and focus efforts on growing the convenience store and take out sales.  Excluding gas sales, the store itself does $918,112!  

The property has an adjacent large private executive office with bathroom/shower and kitchen and resides on 1.27+/- acres.   It's located at a highly visible corner of Route 236 and Ambush Rock Road with 16,220 Vehicles per Day (per Maine DOT 2016).

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $51,175
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: It's a Mixed Use building comprising of approximately 2640 SF+/- residing on 1.27 acres +/- with 212 Feet +/- of frontage on RT 236.  The building has a convenience store with grill/lunch counter with a very large attached executive office with a bathroom/shower and kitchen. The business pumped out 168,222 gallons of gas in 2018.
Employee/Labor Description: Experienced staff
Mgmt/Training Support Description: Willing to assist in transition for a limited time

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,715 10,123 42,079
Median Age: 44.46 45.63 40.89
Households: 1,054 4,193 19,315
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