Business For Sale: Sherman Thriftway in

Sherman, ME

Sherman Thriftway is the local grocery and hardware store for the community of Sherman Maine. The business is primarily a grocery store carrying a good selection of groceries, with an emphasis on meats and produce. In addition, they offer a wide selection of hardware items, yard tools, seeds, and animal feed. This is a business that is an integral part of the community it serves. Locals come here to chat, laugh, and connect while getting their groceries or hardware items. This offering provides a great opportunity to a passionate customer-oriented person looking to be his or her own boss. The current owners have built a reliable, steady business and can easily pass it on to a new owner. This business is being offered for sale along with the real estate that it occupies. Sherman Thriftway is currently operated by its two owners, along with a full-time store manager and experienced staff. The manager has been at the store for 32 years and is able to operate the store independently, allowing the owners to be away for short periods. In order to acquire this business using typical bank financing, a buyer will need to be able to invest a minimum of $125,000 of unencumbered cash and be able to qualify for bank financing. The business produces sufficient cash flow to provide reasonable compensation to the new owners and support the debt associated with acquiring the business. Financial data is available to qualified buyers. Interested buyers will be asked to sign a Confidentiality Agreement in order to learn more about the business.

OfferedForSalebytheOwner:

$249,000 plus inventory

Includes all Business and Real Estate assets

Contact: Herb and Sharon Fithian, Owners (207) 365-4538 or (207) 365-4504 fithians4@gmail.com

Financial Info Gross Income: $2.2M Inventory: $175,000

Business Highlights

• 4220 sf retail space. • Located in the main village of Sherman, ME • Affiliated with Associated Grocers of New England and the True Value brand • Current owners have operated this store for over 30 years • Steady revenue and gross margin • Ample parking • Trained staff with dedicated long-term employees • Real estate is included. • Provides pride of ownership knowing you are an important part of the local community. • Has the outside support from the suppliers at Associated Grocers of New England. • Has stable revenue and expense history allowing for reliable future expectations. • Includes living accommodations that add significantly to the overall owner benefits of operating the

business. • 2-3 Bedroom apartment on the second floor for new owners, or rent out for additional income

For more info, contact:

Herb and Sharon Fithian, Owners (207) 365-4538 or (207) 365-4504

fithians4@gmail.com