IAG is happy to announce the sale of our client Canaan Superette Convenience Store in Canaan, Maine.
Canaan Superette, located in Canaan, Maine, is a gas station and convenience store.
The seller was anxious to retire in Florida and the buyer owns several other gas stations.
This sale almost did not go through because the gas tanks didn’t pass the “tank tightness test” required by the SBA.
A new tank would have to be purchased and installed. The gas station had to be shut down until a new tank was installed.
The seller agreed to reduce his price by $200,000, and the buyer agreed to proceed with the purchase.
The seller, Tom Ward, is happily on his way to Florida, retired!
“Because of IAG, I now get to retire in Florida!”
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