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Country Store In Mid-Coast For Sale

Mid-Coast, Maine, US
Asking Price:
$375,000 Furniture / Fixtures included
Sales Revenue:
Cash Flow:

This well-established country store, located in the beautiful mid-coast region of Maine, continues to grow in 2019. The business is a cornerstone of the community and continues to see rapid growth as it expands its product offerings to meet the needs of its target market. In addition to the store, real estate assets included in the purchase price include two owner’s or rental units. Owner has identified long-term growth opportunities for a buyer to consider.
If interested please contact the seller through the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Two owner/rental units are included in the real estate.

Premises Details:

The business has plenty of retail and storage space, ample parking and room for expansion. The large building has over 4,500 sq. ft. of commercial space and an upstairs owner’s apartment, with a second apartment co-located on the property. The physical plant could support new growth areas and other improvements to take advantage of its growing market niche. Parking is more than adequate to meet current needs as well as future growth.

Size in square feet:
7500 SF

Business Operation

Expansion Potential:

This area of Maine will continue to grow in both population and vacationers, allowing the business to benefit from the natural expansion of its market. The store has seen recent substantial growth as the current owners have discontinued low volume / margin categories and replaced those with more popular and higher margin business. There are many opportunities for continuing this growth, and the owner has identified two significant opportunities, which could result in substantial growth of both revenue and market share.

Competition / Market:

The business caters to the local, year-round population with a broad selection of product categories to meet day-to-day needs, while also enjoying a seasonal boost in sales from area visitors. Current ownership’s recent operational changes have resulted in increasing market share at the expense of local competitors with significant opportunity to continue, and even accelerate, this trend.

Reasons for selling:

Seller desires to spend more time pursuing other opportunities.

Trading hours:

Open 7 days per week.

2 FT / 6 PT
Years established:
Established in 1971

Other Information

Support & training:

The seller will provide transitional training to a new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Anticipated Seller $35,000. Anticipated Bank $265,000. Down Payment $75,000. Working Capital Needed $50,000 (est.)

Furniture / Fixtures value:
$25,000 - included in the asking price
Inventory / Stock value:

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