Description
Rare opportunity to acquire a profitable, well-established retail business with a strong community presence in Southern Maine. Operating from a beautiful building, the company offers premium apparel, footwear, and accessories from leading brands.
Over the years, the business has become a cornerstone of the local outdoor and lifestyle scene, serving a loyal and diverse customer base of local residents, seasonal homeowners, and tourists visiting Southern Maine. The business is within walking distance to all the action and has off-street parking for approximately 70 vehicles.
This business suits an entrepreneur or retail operator seeking a lifestyle investment, expansion of an existing retail group, or semi-absentee ownership in a desirable coastal Maine location. Real estate purchase provides both a stable business asset and a prime long-term property investment.
Highlights
- Turnkey Operation: Fully staffed and ready for a smooth transition.
- Strong Earnings: Steady annual revenue exceeding $1.3M with 17–18% SDE margin.
- Attractive Facility: Upscale retail within walking distance to much of the action.
- Exclusive Brand Territory: Distribution protection with most major vendors.
- Year-Round Business: Consistent sales throughout the year with high summer and holiday foot traffic.
- Community Integration: Active sponsorship of local runs, outdoor events, and charitable activities — strengthening brand loyalty.
- Favorable Vendor Terms: 60–90-day payment cycles; no long-term supply contracts.
Detailed Information:
Asking Price for Business: $750,000
Revenues: $1,377,445
Seller’s Discretionary Income: $234,652
Furniture, Fixtures, & Equipment (FF&E): TBD
Inventory: $350,000-$500,000 depending on time of the year. (not included)
Asking Price for Real Estate: $1,100,000
Facility & Real Estate: The 3,500 +/- sq. ft. retail space sits in a fully renovated space offering charming aesthetics with modern infrastructure. The real estate is owned through a separate entity and may be purchased for $1.1M or leased under a triple net (NNN) lease estimated at $5,800/month.
Competition: Very few direct competitors in the market.
Growth & Expansion:
- Expand eCommerce and online sales channels to reach a wider audience.
- Extend store hours.
- Open additional locations.
- Refresh inventory continuing to introduce high-growth brands.
Support & Training: Seller is willing to stay on to assist in support and training.
Reason for Selling: Divestiture
To Receive the Confidential Package on this business with real estate, please complete the attached NDA and email to info@firststreetbb.com or fax back to us at 603-501-3241. The location noted on the map is incorrect due to the high level of confidentiality.
The Broker of record for the real estate is Aland Commercial at 603-501-0463.