Details - Information last confirmed on May 5, 2021
DESCRIPTION: 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.
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.
GROWTH: 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.
FACILITIES: 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.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.