Beer And Wine Retailer In Maine For Sale

Business description

The store specializes in a large inventory of beer, wine and related products. It is located at a high traffic intersection, has ample space and an attractive lease rate. 60% of sales are beer and wine, 12% are tobacco with the remainder in sundries, snacks and supplies. This is a recession proof business that serves both general and niche product markets.

Property information

Real Estate:

Lease

Leasehold rent:

$37,000 per annum

Location:

High growth and high traffic location.

Premises details:

The business occupies 4,800 sq’ of first floor retail space with additional space for expansion or storage. Ample shared parking with surrounding retail businesses.

Business Operation

Expansion potential:

The businesses high growth and high traffic location will ensure continued customers. The business may be able to acquire an agency liquor license and a new owner could add a bottle and can redemption facility.

Competition / Market:

The store has a prime location in its market area and serves year-round and seasonal customers. Despite the proximity of several chain grocery stores and drugstores the store has had consistently good sales over the last 4 years.

Reasons for selling:

Seller is moving on to new opportunities.

Employees:

1 FT / 3 PT

Years established:

1988

Other information

Support & training:

Seller will provide transition training.

Financing available:

Anticipated Bank Financing on Business $200,000; Down Payment: $150,000; Working Capital Needed $15,000 Inventory $90,000

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$90,000