Small Town Grocery Store w/ Real Estate & Apartment building For Sale

Alton, ME
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Asking Price:$525,000
Gross Revenue:$672,757
Real Estate:$330,000
Cash Flow:$51,000
Inventory:$71,216
Established Year:1997
BUSINESS DESCRIPTION

This sale presents a unique opportunity to acquire not just a business but a community staple with no direct competition in its area. This turnkey operation benefits from a loyal local customer base, established supplier relationships, and proposed expansion strategies that could further elevate its market position. This Small Town Grocery Store represents a promising prospect for an individual or a group seeking to invest in a retail operation with a proven track record, a stable financial standing, and significant growth potential.

The operational efficiency of This Small Town Grocery Store is supported by a well-maintained array of equipment integral to retail operations. This includes modern cashier systems that streamline transaction processes, ensuring a quick and satisfying checkout experience for customers. Refrigeration units of varying sizes are meticulously serviced to keep perishable goods at optimal temperatures, preserving freshness and quality. Additionally, the store is equipped with shelving and storage solutions that are both practical and aesthetically pleasing, contributing to an organized and welcoming shopping environment. The kitchen area, essential for the store’s takeout offerings, boasts commercial-grade cooking and food preparation equipment, underscoring the business’s commitment to providing value-added services to its patrons.

Additionally, the ownership of the property reduces operational complexities and costs associated with leasing spaces, further solidifying its financial stability. Furthermore, the business model, focusing on merchandise profit, has proven effective, demonstrating resilience and adaptability in the face of changing market dynamics.

The strategic addition of gas pumps and an expansion of takeout food options presents a substantial opportunity for Alton Grocery to diversify its revenue streams and increase its appeal to a broader customer demographic. Such expansion breathes new life into the business, potentially attracting travelers in addition to the local residents. Furthermore, the development of a digital presence through a website and the implementation of a loyalty program could significantly enhance customer engagement, offering a platform for marketing initiatives and fostering a stronger community connection. The second-floor apartment adds a layer of opportunity for generating rental income or repurposing to further support business growth, such as expanding retail space or creating a dedicated area for takeout and casual dining.


DETAILED INFORMATION
Location
Alton, ME
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
2,220
Employees
4
Facilities
The facility includes a bottom-floor storefront spanning 1500 sqft, along with a second-floor apartment measuring 720 sqft. The property is owned, ensuring stability and control over the premises.
Competition
This Small Town Grocery Store stands as the sole grocery store within the immediate area, positioning it as a central hub for the community's grocery needs for over two decades. This unique positioning has enabled it to maintain a consistent and loyal customer base, primarily comprising local residents. The store benefits from being the only point of purchase for a wide array of merchandise in the area, thereby ensuring a steady stream of customers.
Growth & Expansion
This Small Town Grocery Store presents a unique investment opportunity with several key advantages: 1) It’s the only grocery store in its locality, ensuring a captive market with minimal competition. 2) The business includes owned real estate, adding tangible asset value beyond the operational aspects of the grocery. 3) There's clear room for growth and value addition through feasible expansion plans, such as adding gas pumps and expanding food service or rental spaces.
Financing
SBA & FAME
Support & Training
Training terms are negotiable.
Reason for Selling
Entering Retirement
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Stefanie Trench
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Stefanie Trench