Business & Real Estate for Sale - Northern Maine. Seller is taking a big haircut!

[Charlie MacPherson]

Highly motivated sellers are ready to take a MASSIVE haircut on their sale!

I'm representing a retail business that is for sale along with 6 rental properties and a vacant lot in northern Maine. 

It is fully staffed, but probably not the best fit for 100% absentee ownership.

The business is profitable.  They sell feed for pets and livestock along with local produce in a farmer's market setting. 

A very large portion of the business is receiving packages for 8,271 Canadians who find it much less expensive to have their goods shipped to this location and for them to come across the border to pick them up (for a fee) than to have them shipped directly to Canada. 

The seller states that they are adding an additional 50 customers per month.

At my recommendation, the sellers have increased the charge for receiving packages from $3.00 each to $4.00 each.  The only feedback from customers has been "what took you so long?"  That change took effect on 1/1/2024.

As a result of this change, the sellers deposited an extra $9,447 in January 2024, $7,675 in February 2024 and $10,000 in March 2024 alone.

That's on top of their usual earnings.  This is just the additional sales vs the same month in the year prior, due to the long overdue price increase.

There are 6 rental properties owned by this business that are being sold along with it..  They are mostly furnished apartments that are rented to professionals.  There is also a 0.8+ acre lot that seems to be suitable for development.

Some apartment photos can be seen here: Photos.

The adjusted (for the new income stream) asking price is $1,102,916.  That is all-in.  Business, inventory, assets, real estate.

Here's the opportunity:  The seller's have located their dream property in Honduras.  They need to sell the business and assets quickly in order to close on that property.  They are reducing the price to $915,000, all-in.  That's a $187,916 reduction.

This price is not negotiable, nor will they entertain any seller financing.

If their dream property get sold out from under them, the price will go back up.

Interested?  Call me at 207-352-1000.

Charlie MacPherson, Business Broker
Inbar Group, Inc.
12 Shuman Ave, #10
Augusta, ME 04330