Established Salem Specialty Retail Store - 34 Years Strong with Loyal Customer Base

Salem, Maine

About This Business

This well-established retail business has been a fixture in Salem, Maine's community for 34 years, generating impressive annual revenues of $920,648. The operation features a diverse product selection that has cultivated a loyal customer base throughout the region. With consistent annual cash flow of $50,815, this business demonstrates reliable profitability and operational efficiency. The streamlined team of 6 employees manages day-to-day operations effectively, allowing for significant owner flexibility. The business benefits from an excellent downtown Salem location with strong foot traffic and excellent visibility. The retail space is fully operational with established vendor relationships, proven inventory management systems, and a recognized brand presence in the community. Current owner has built sustainable margins and operational procedures that continue to drive consistent performance year after year. The seller is pursuing other ventures and is motivated to transition this profitable business to an experienced retailer. This represents an exceptional opportunity to acquire an established, cash-flowing retail operation with immediate revenue potential and an existing customer foundation. The asking price of $298,912 reflects strong value for a turnkey retail business with three decades of operational history.

Financial Details

Business Details