Grocery Store & Additional Income Property

$560,000

Business description

Friendly neighborhood grocery store and deli successful for over 80 years! Located in southern Maine in an excellent high visibility location on the main north/south corridor through town. The business has a parking lot that provides plenty of parking and easy in/out. The store is very popular because of its friendly staff, wide variety of products, and weekly specials. Well known for their quality meats at reasonable prices, in house bakery products, made to order subs and grab and go prepared meals.

There is significant unrealized income potential. This business does not sell tobacco products or lottery tickets. The addition would be very popular with the customers and would add additional revenue.

Real estate is included with this sale. The business occupies the bottom floor of a two-story commercial building. There are two apartments upstairs. One is occupied by an employee at an under-market rate, and the other apartment has been purposely kept vacant for occasional visits from out of town family.
Ed Larochelle Listing Agent

Ed Larochelle

office: (207) 774-7715
cell: (207) 939-2363

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  • Asking price $560,000
  • Cash flow $99,739
  • Gross Revenue $1,403,298
  • EBITDA N/A
  • FF&E $105,000 (included in asking price)
  • Inventory $40,000 (included in asking price)
  • Real Estate $420,000
  • Established 1936
  • Building SF 5,250
  • Employees 3 FT, 11 PT
  • Facilities Well organized store, good lighting and adequate storage space.
  • Competition In the center of area with lots of multi-family and single family housing
  • Growth & Expansion Tobacco products and lottery would be natural additions. Neither is currently sold. Utilize available property revenue.
  • Support & Training 2 weeks of training included with sale
  • Reason for Selling Other business interest