Business For Sale Listing 136765
Maine Country Store & Restaurant
Status as of Dec-1-2008 at 06:03 PM: Active
Business Summary
DESCRIPTION: This well-established rural market and restaurant is located on a busy state highway that connects southern Maine to recreational areas in the northwestern part of the state. It is in one of Maine’s scenic lake and recreation areas. About 32% of sales are in higher margin restaurant and take-out foods. There is inside seating for nearly 60 people. The market is the only agency liquor store in town and has the only mega-bucks and ATM machines. The sale includes the real estate and is suitable for a 1031 Exchange. In addition to the business cash flow of $140,000, there is additional rental income of $20,000.
MARKET: The store is dominant in its market and has a prime location that serves year-round and seasonal customers. There are no nearby grocery stores and its nearest competition is about half its size. Year-round residents, summer vacationers and winter sports enthusiasts make up the store’s diverse and growing customer base. This area of Maine will continue to grow in both population and vacationers. Located on three acres of land, there is plenty of room to expand the store, add new products and develop new ideas. There is ample oven and food prep capacity to expand into catering, and the “home meal replacement” market.
FACILITIES: The store is located in a historic building with plenty of retail and storage space, ample parking and room for expansion. The market has about 4,000 SF of space on the first floor. Above it are apartments including a large owner’s quarters. Approximately three acres of land are included in the sale with over 400 feet of road frontage. A new commercial kitchen was added in the 1990s, and other upgrades to the building have been made each year.
PRICE OF BUSINESS: $225,000
PRICE OF REAL ESTATE: $425,000
ANTICIPATED SELLER/BANK FINANCING ON BUSINESS: $150,000
ANTICIPATED BANK FINANCING ON REAL ESTATE: $340,000
TOTAL DOWN PAYMENT: $160,000
WORKING CAPITAL REQUIRED: $25,000
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($1,000,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($160,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
Pro-forma |
| Asking Price: |
Between $500 Thousand and $1 Million ($650,000) |
