Retail - Convenience Stores | Retail - Gasoline Service Stations

Asking Price	$1,700,000	Inventory	$120,000**
Gross Income	$3,490,000	Real Estate
Cash Flow	$250,000	Year Established	1952
FF&E	Included in Asking Price*	Employees	7

* included in the asking price

** not included in the asking price

A 6000+ SF, Retail/Service Gas and Convenience Store with a steady yearly traffic flow of 20,000 cars/day (MDOT) that does not depend on tourism for it positive cash flow after salaries, taxes and expenses. New Construction in 2005, makes this a turn key business with instant income, located on a corner lot in a rapidly growing coastal town with a loyal repeat clientele that includes, beer, wine, liquor, lottery and luncheon foods. Room for expansion in each department. The business has been steadily increasing in sales for the last 5 years, with a steady gross margin and 18% gross profit consistently. Inside store sales run between 68-70% of the Gross Sales. Gas Sales are kept at 35-40% as the store is run for profit not for volume. Current Gas Volume runs between 500-600,000 gallons at 19 to 26 cents profit/gallon depending on volatility in the market; however Gas Sales have and could be increased to over 1,000,000 Gallons per new owner preference. A complete financial prospectus is available upon request and non-disclosure.

Attachments: Download additional information (PDF)

Facilities: 6684+SF Wood Frame Construction Built in 2004 post fire damage in 2003, on a concrete slab with Hardi-Plank exterior siding. All wood facia, trim and posts. All solid wood doors. 1 handicap alvatory and 1 prep food kitchen. Radient heating systme throughout. 3 Underground Storage tanks, 2 ( 6000) gallon and 1(10,000 gallon). Land Area is 0.53 acres with room for 20+ vehicles. Loading Dock Area and seperate area for Beer/Wine and Liquor Deliveries. Pine Paneling throughout with large POS Check out Counter.

Competition: Wiscasset Maine has over the years earned the slogan: "The Prettiest Village in Maine" and rightly so for its stately Sea Captain's Homes, museums and antique shops along Main Street. A coastal village on the Route One Corridor to Camden, Bar Harbor and Mount Desert Island, Wiscasset's traffic flow in the summer months is 10fold during other times of the year. As such a Route one Bypass around Wiscasset has been proposed. Wiscasset Quik Stop is located less than a 1/4 mile from Route one on Route 27.

Growth/Expansion: Due to a fire in 2003, the store was completely rebuilt in 2004 and reopened in 2005 with 6600+SF of space. There is additional room now to add various new departments and to expand the lunch counter offerings. As well there is room on the second floor for a live-in apartment and additional office and storage space in the eves of the building. From the second floor one is able to see the Wiscasset harbor.

Financing: Possibly 30% to Qualified Buyer with References and acceptable Credit Scores

Support/Training: Seller will provide 3 weeks of on site training and be available as a consultant for a 3 month period as needed.

Reason Selling: Seller wants to retire and play golf!