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Resilient, High Volume Convenience Store

RetailFor Sale in Cumberland County, ME

Financial & Assets Details

$1,170,821
$155,505
$34,800
$795,000
2392+/-

About the Business

Yes
5FT/7PT

Business Description

Mature and thriving convenience store located in high traffic area in Cumberland County. The business specializes in hot and cold take-out food, treats, groceries, a large beer and wine selection, snacks, tobacco, and lottery. Customers range from the everyday working class looking for value in their breakfast and lunch, backed up by a large walk-in neighborhood clientele that keeps the location busy nights and weekends, roughly 90% being repeat customers. The location is staffed with competent and trustworthy management that enable the current owner very few responsibilities. Although the business is not transferring its current name, a new owner has a strong opportunity to be successful by adopting a similar business model.

Growth & Expansion

Expanding the selection “grab & go” items as this is the key to increasing sales. Using an independent delivery service such as Uber Eats could also expand sales. On the facility side, updating the property could also advance the “grab & go” segment. Operating capacity is at 85-90% as the business currently stands. Staffing is sometimes an issue but if a new owner/operator were to work at this location full time, sales could possibly increase 10% first year.

Market Competition:

90% of the business are repeat customers. However, there are other local businesses that also sell pizza, sandwiches, tobacco, and liquor. Prices and clientele vary for each competitor, which allows for plenty of business for everyone.

Location Details:

2,300+ SF free-standing building with private parking lot in a high traffic, high visibility location.

Support & Training

2 weeks

Reason for Selling:

Pre-retirement planning

Listing ID: 19131

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