PORTLAND C-STORE WITH GAS & R.E.
Location: Maine > Cumberland County > Portland
Industry: Retail Stores > Convenience Stores
Financials
Asking Price: $250,000
Gross Revenue: $4,000,000
Cash Flow: $163,000
Inventory: $25,000 (Not Included in Asking Price)
FF&E: $90,000 (Included in Asking Price)
Real Estate: $500,000 (Not Included in Asking Price)
Seller Financing: Anticipated Bank Financing on Business $125,000; Anticipated Bank Financing on R.E. $350,000; Total Down Payment: $275,000; Inventory purchase $25,000. Working Capital Needed $25,000
Business Summary
The store is strategically located along one of Portland’s busiest thoroughfare. It offers fuel and convenience store items with projected sales of $4 million. About 89% comes from fuel sales, with over seven hundred thousand gallons projected to be sold in 2008. The store is adjacent to a large residential area and is a prime location for co-branding or expanding into pizza and sandwiches. The sale includes the real estate.
About the Business
Year Established: 1994
Employees: 2 full time - 1 part time
Facilities: The 2,500-square foot building offers ample space for expansion into food service. The site has easy street access, lighting, a large canopy and good parking. The pumps and tanks are less than ten years old and are in excellent condition.
Market Outlook and Competition: Portland is a very competitive fuel market, but the store’s location, parking and traffic count give it a strategic advantage. Portland offers the largest market in the state, and this store’s location and lack of nearby competitors makes it a solid business. The addition of a co-branding franchise or other quick serve food would add substantial revenue growth.
About the Sale
Management Training and Support: Seller will provide transition training.
Reason For Selling: Owner has other businesses.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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