General Store-Northern Maine

Price: $299,000
Location: Northern Maine
Industry: Retail

Northern Manie General Store is a small-town staple in Northern Aroostook County. It supplies all the usual convenience store items: coffee, milk & bread, soda & beer, eat-in or take-out breakfast, lunch and dinner menus, along with other grocery staples. Non-food items include propane, camp firewood, fishing supplies for the local ice fishing derby and flowers.

The seller has invested heavily building upgrades over the last few years. This offer includes and apartment on the second floor. Its perfect for an owner’s suite or supplement your income with an apartment rental.

Northern Maine benefits from year-round activities: Spring & Summer tourism brings hikers, campers, ATV trails, boaters/kayakers/canoers and fisherman from the nearby rivers and Lakes: Fall brings leaf-peepers from all points on the compass and wild game hunters: Winter offers snowmobile trails & ice fishing for out door fun.

Listing Details

Gross Revenue: $256,432

EBITDA: $79,717

Inventory: $23,771 (Included in Price)

Terms and Conditions?:

State of Maine Licenses for Beer & Wine, Tobacco & Lottery
Inventory not included in price

Reason For Sale:

Retirement

Operation

Employees: 2 FT (sellers) and 1 PT

Location

Square Footage: 3384 sq ft

Summary

Owner Qualifications:

State of Maine Licenses for Beer & Wine, Tobacco & Lottery

Potential Growth:

Canoe, Kayak & Paddleboat Rentals

River Tube Rentals

Apartment Rental

Contact Us About This Listing

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Typically, one of the first questions we get asked by business owners is “What’s my business worth? There are many different variables (tangible and intangible) that are considered when calculating the listing price including current financial performance, overall business model, profit margin ratios, profitability trends, growth potential, and competitive landscape to name a few.

RBC will analyze your financial statements and recast the P&L to include any addbacks in order to arrive at the seller’s discretionary earnings (SDE). The SDE is used in conjunction with an earnings multiplier to arrive at a valuation range.