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Speciality Store With Select Wine Food And Housewares For Sale

Maine, US
Asking Price:
$92,900 (USD) Inventory / Stock included
Sales Revenue:
$579,202 (USD)
Cash Flow:
$88,814 (USD)

Nestled in a charming coastal Maine community, this well-established specialty store featuring select wine, food, and housewares has been a destination for locals, summer residents, and tourists for decades. This is a true turn-key opportunity with policies and procedures in place, seasoned talent, and a ready-made network of suppliers.

The future owner(s) will benefit from the following:
* Steady revenue, even through COVID.
* Great reputation in the community.
* Low employee turnover.
* Diverse supplier base.
* Strong social media following.
* Many growth opportunities. Follow your passion!

Property Information

Real Estate:

Lease

Leasehold Rent:

$1,700 (USD) per annum

Location:

Walkable location in a charming community.

Premises Details:

Beautiful building with ample parking.

Size in square feet:
2,100

Business Operation

Expansion Potential:

Potential growth opportunities include:
* Creating a loyalty program.
* Collaborating more with local farms and artisans.
* Building menu of food offerings.
* Offering an online shop.
* Providing regular wine tastings.

Competition / Market:

The business has carved out a unique niche and does not have direct competition.

Reasons for selling:

Owners are retiring.

Employees:
2 FT (owners)/6 PT

Other Information

Support & training:

Very flexible. Current owners want the business to be a success for the new owner(s), its employees, and customers. As such is willing to assist in the training and transition of the business.

Inventory / Stock value:
$100,000 (USD) - included in the asking price

Contact Magnusson Balfour

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