Convenience Store with very profitable Pizza, Beer, Wine and Lottery business

convience-storeee
$750,000

Listing #: 1623

Location: Androscoggin County, Maine

Description: Excellent opportunity to buy a convenience store with a very profitable Pizza shop with substantial beer, wine and lottery sales. This business has been trending upwards, on average, at 13% per year over year for the past 3 years. Just last year the exterior and the interior of the building, including the kitchen, were completely renovated. The new HVAC system and the ovens run on Natural Gas; it is extremely efficient! They have their own proprietary recipe for their pizza sauce, make their own dough and shred their own cheese. Additionally, they have an extensive menu. This is a takeout business and they have thrived right through the Covid times. They also have the added revenue of the Variety store and sell both Beer and Wine. This would be a great business for a motivated individual, or couple, to buy and earn a nice income. It would also be a great addition for an investor that has like stores and means of expanding.

Financial Information:

Yearly Gross: $1,600,000.00 (projected 2021)
Cash Flow / SDE:
$272,750.00 – (projected 2021)

Assets / FFE: Included
Inventory: $Included
Real Estate: $450,000 for Real Estate or $3,000/mo. NNN lease
Financing:
Pending SBA Pre-Screen
Asking:
$750,000.00 for the business and $1,200,000 w RE

General Information:

Year Established: 2007

Facilities: 5,803 sq ft

Type of location: Residential area, stand-alone building with ample parking
Growth and Expansion: Sales are up significantly since the 2020 renovation

Support/Training: Owner(s) will stay involved to 6 months for a smooth transition

Reason Selling: Owners wish to pursue other opportunities
Employees: 8 FT, 5 PT

Franchise: No   Home-based: No Re-locatable: No

County:  Androscoggin, Maine