Boutique Retail Shop In Blue Hill For Sale

Business description

This shop is a very upscale boutique department store. It is located in Blue Hill, one of Maine’s most popular and scenic coastal areas. The store is the ‘go to” location on the Blue Hill Peninsula for everything from cards to household items to toys. The variety and quality of the products offered explain the popularity of the store. It’s a fun place to shop and it’s a fun business to own. Product offerings can be changed to meet customer demands and changes in the economy. The store has made a profit even during weak economic times.

Property information

Real Estate:

Lease

Premises details:

The recently remodeled store is in a highly visible location on a main route through town. The road is well traveled by vehicle and pedestrian traffic. The store is open, airy and comfortable. The large windows and interesting layout make it very appealing. There is an office area, merchandise receiving area and ample storage.

Business Operation

Expansion potential:

Product selection along with effective merchandizing, advertising and customer service drive sales in this business. A new owner with a flare for retail will enjoy growing this business.

Competition / Market:

There is no competition in the area! The store is essentially different from any other shop in the local towns. Customers range from lobstermen to celebrities. They include year-round and summer residents as well as tourists visiting this very popular part of the Maine coast.

Reasons for selling:

Retirement from full-time work.

Employees:

5-6 PT Seasonal

Years established:

Established in 2003

Other information

Support & training:

Seller will provide transition training.

Financing available:

$95,000 Anticipated Bank, $100,000 Down Payment including Inventory. $10,000 Working Capital Needed

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$110,000 (included in the asking price)