Well Established Grocery Store In Maine For Sale

Business description

This is a full service retail grocery store that has built a reputation within the community for great customer service and quality products. This is a licensed store that has been completely remodeled within the last ten years. An energy audit was also completed and the store is in compliance. This highly profitable store is a great opportunity for any serious buyer! Don’t let this one pass you by…it won’t last long! For more information please don't hesitate to request additional information!

Equipment is in good, working condition and is included in the sale.

Property information

Real Estate:

Lease

Lease terms:

Lease expires in October 2012 with a 5 year renewal option, and rent is currently $7.281 plus cam.

Location:

Currently the business is in a 15,000 sq ft facility that is being leased. The building was built in 1973 and is good overall condition. The business can be expanded at the current site, but cannot be relocated. City street location with high traffic and good visibility makes this a great spot for this business. The lease is up for renewal in October 2011 with a five year option. Owner will not be renewing.

Other information

Expansion potential:

Growth and expansion can be obtained through the addition of a pharmacy, clothing and other such items the market is underserved on. Additional profit centers could also include electronics and movies.

Competition / Market:

This market is very competitive.

Support & training:

Owner willing to help through transition

Reasons for selling:

Retirement

Trading hours:

7 days a week

Owner financing:

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

Financing available:

The owner is willing to finance up to 15% for the right buyer.

Furniture / Fixtures value:

$525,000

Inventory / Stock value:

$350,000 (included in the asking price)