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77 Main StreetBradley, ME 04411Price: $1,350,000

  • Price: $1,350,000
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Federal 30-year interest rate: 5.25% last updated on May 19, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,350,000List Price
  • 0.99Acreage

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Listed by Realty of Maine
Iconic Family owned & operated business and property for sale. Since 1933 Spencer's Ice cream in Bradley has been providing handmade premium ice cream to its patrons. In 89 years the business has seen many transitions, it was a general store, meat shop, pizza & food and a convenience store. All devised to keep operations going year round. In 2018 that changed when the current owners decided to concentrate on the core ice cream product and expand the geography by bringing it to the people. Wholesale, events, delivery, fundraisers were all added. The business exploded and the need for supplemental incomes gone. To protect this expansion, the name and logo for Spencer's Ice Cream was trademarked.The flagship location in Bradley built in 1870's needed a complete update- from top to bottom- including adding a complete building automatic generator. The upstairs had been an owner's quarters and they decided to convert this into two- one bedroom apartments. The walk in freezers were completely rebuilt with new refrigeration. Outside hardscape & a storage building finalized the development.The land was surveyed and found to contain 150 feet of waterfrontage on the Penobscot River and a right of way for an adjacent piece was owned by Spencer's. Now the business has not one or two but four streams of income. The three ice cream themed run in a seasonal cycle with wholesale going year round with a summer peak. The store going year round with a summer peak. Events and fundraisers peak in the fall and return in the spring. This stabilizes the ice cream business and its cash flow. The apartments and its recent change from long to short term rental has significantly boosted that cash flow. The owners can stay on to assist with a transfer of ownership and for the right buyer and situation, they would consider owner financing. All equipment included. Business as usual at Spencer's with winter hours and thriving biz!

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Kezar Realty participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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