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  • 295 Hammond St, Bangor, ME 04401
  • (207) 922-3276
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Cornerstone Convenience Store | Loyal Customer Base | For Sale

By Deal Studio 

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Asking Price
$150,000 The total asking price of the business for sale.
SDE
N/ASeller's Discretionary Earnings (SDE) is a metric for determining the historical cash flow of a business. It is a recasting process that starts with the net profit of a business, from either the business tax return or the year-end income statement.

Industry

Convenience Stores

Gross Revenue
Location

$1,000,000
Penobscot County

Business Description

This popular convenience store is situated in the heart of Penobscot County, Maine, and is a staple for locals. It offers a diverse selection of products, including groceries, ready-to-eat meals, snacks, drinks, tobacco, alcohol, and lottery tickets. Known for its excellent pricing and unbeatable location, the store has earned a solid reputation in the community.

Detailed Information
Internal ID
015

Number of Employees
3

Year Established
2012

FF&E
$75,000

FF&E Included
Yes

Inventory
$50,000

Inventory Included
Yes

Additional Information
Reason for Selling

The owner is planning to retire.

Facilities & Assets

The facility spans approximately 1,500 square feet and is well-equipped to serve a variety of customer needs. It features multiple coolers stocked with beverages and frozen products, ensuring quick access to chilled items. The store is also outfitted with ample shelving for groceries and other essential goods, allowing for a well-organized shopping experience. Additionally, the facility includes kitchen equipment for preparing fresh sandwiches enjoyed by the loyal customer base.

Support & Training

The current owner is committed to providing comprehensive support and training to ensure a smooth transition for the new owner. They are open to negotiating the terms of this support to best suit the buyer's needs. This includes guidance on day-to-day operations, equipment use, and customer service, as well as assistance with understanding the local market.

Market & Competition

The convenience store industry has a promising outlook, fueled by growing consumer demand for quick access to everyday essentials. However, the competitive landscape is challenging, with nearby convenience stores, family markets, and grocery stores offering advantages like a broader product selection or established brand recognition. While higher pricing among competitors offers a comparative edge, it also creates ongoing pressure to balance affordability and profit margins.

Growth & Expansion

The store has great growth potential. Adding ice cream and expanding the prepared foods section could attract more customers and increase sales per transaction. Improving inventory management and vendor relationships can reduce costs and diversify the product selection. The small-town location and local community offer a strong foundation for community-based marketing. Embracing digital tools, like online inventory and a stronger online presence, could enhance customer engagement and operational efficiency.

Listing Agent
Blake Boyorak
More Information »

Contact Listing Agent


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Sign NDA

Email Listing

Asking Price
$150,000
SDE
N/A

Industry

Convenience Stores

Gross Rev.
Location

$1,000,000
Penobscot County

Business Description

This popular convenience store is situated in the heart of Penobscot County, Maine, and is a staple for locals. It offers a diverse selection of products, including groceries, ready-to-eat meals, snacks, drinks, tobacco, alcohol, and lottery tickets. Known for its excellent pricing and unbeatable location, the store has earned a solid reputation in the community.

Detailed Information
Internal ID: 015

Number of Employees: 3

Year Established: 2012

FF&E: $75,000

FF&E Included: Yes

Inventory: $50,000

Inventory Included: Yes

Additional Information
Reason for Selling

The owner is planning to retire.

Facilities & Assets

The facility spans approximately 1,500 square feet and is well-equipped to serve a variety of customer needs. It features multiple coolers stocked with beverages and frozen products, ensuring quick access to chilled items. The store is also outfitted with ample shelving for groceries and other essential goods, allowing for a well-organized shopping experience. Additionally, the facility includes kitchen equipment for preparing fresh sandwiches enjoyed by the loyal customer base.

Support & Training

The current owner is committed to providing comprehensive support and training to ensure a smooth transition for the new owner. They are open to negotiating the terms of this support to best suit the buyer's needs. This includes guidance on day-to-day operations, equipment use, and customer service, as well as assistance with understanding the local market.

Market & Competition

The convenience store industry has a promising outlook, fueled by growing consumer demand for quick access to everyday essentials. However, the competitive landscape is challenging, with nearby convenience stores, family markets, and grocery stores offering advantages like a broader product selection or established brand recognition. While higher pricing among competitors offers a comparative edge, it also creates ongoing pressure to balance affordability and profit margins.

Growth & Expansion

The store has great growth potential. Adding ice cream and expanding the prepared foods section could attract more customers and increase sales per transaction. Improving inventory management and vendor relationships can reduce costs and diversify the product selection. The small-town location and local community offer a strong foundation for community-based marketing. Embracing digital tools, like online inventory and a stronger online presence, could enhance customer engagement and operational efficiency.


Listing Agent
Blake Boyorak
More Information »

Contact Listing Agent


Sign NDA

Trinity Business Brokers
295 Hammond St, Bangor,ME 04401
Phone: (207) 922-3276, Email: info@tbb.biz

SIGN NDA

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Cornerstone Convenience Store | Loyal Customer Base | For Sale
https://tbb.biz/listing/cornerstone-convenience-store-loyal-customer-base-for-sale/
Asking Price
$150,000
SDE
N/A

Industry

Convenience Stores

Gross Revenue
Location

$1,000,000
Penobscot County

Business Description

This popular convenience store is situated in the heart of Penobscot County, Maine, and is a staple for locals. It offers a diverse selection of products, including groceries, ready-to-eat meals, snacks, drinks, tobacco, alcohol, and lottery tickets. Known for its excellent pricing and unbeatable location, the store has earned a solid reputation in the community.

Detailed Information
Internal ID
015

Number of Employees
3

Year Established
2012

FF&E
$75,000

FF&E Included
Yes

Inventory
$50,000

Inventory Included
Yes

Additional Information
Reason for Selling

The owner is planning to retire.

Facilities & Assets

The facility spans approximately 1,500 square feet and is well-equipped to serve a variety of customer needs. It features multiple coolers stocked with beverages and frozen products, ensuring quick access to chilled items. The store is also outfitted with ample shelving for groceries and other essential goods, allowing for a well-organized shopping experience. Additionally, the facility includes kitchen equipment for preparing fresh sandwiches enjoyed by the loyal customer base.

Support & Training

The current owner is committed to providing comprehensive support and training to ensure a smooth transition for the new owner. They are open to negotiating the terms of this support to best suit the buyer's needs. This includes guidance on day-to-day operations, equipment use, and customer service, as well as assistance with understanding the local market.

Market & Competition

The convenience store industry has a promising outlook, fueled by growing consumer demand for quick access to everyday essentials. However, the competitive landscape is challenging, with nearby convenience stores, family markets, and grocery stores offering advantages like a broader product selection or established brand recognition. While higher pricing among competitors offers a comparative edge, it also creates ongoing pressure to balance affordability and profit margins.

Growth & Expansion

The store has great growth potential. Adding ice cream and expanding the prepared foods section could attract more customers and increase sales per transaction. Improving inventory management and vendor relationships can reduce costs and diversify the product selection. The small-town location and local community offer a strong foundation for community-based marketing. Embracing digital tools, like online inventory and a stronger online presence, could enhance customer engagement and operational efficiency.


Listing Agent
Blake Boyorak
More Information »



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Address

(207) 922-3276
info@tbb.biz
295 Hammond Street
Bangor, ME 04401
P.O. Box 1533
Bangor, ME 04402

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