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Established Discount Store For Sale-29598

Mercer County, NJ

Established Discount Store For Sale-29598
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Asking Price: $150,000

Cash Flow: $50,000

Gross Revenue: $250,000

EBITDA: N/A

FF&E: $150,000

Inventory: $85,000*

Established: N/A

*not included in asking price.

Established Discount Store For Sale-29598

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Business Description

Like Dollar General and Family Dollar, this dollar store brand makes one stop family shopping for everyday needs simpler and hassle-free. Located in a lower end community of Mercer County, This business is the right store for the right place. In business in the township for 17 years, ownership moved two years ago to its new location no more than 50 feet away from where it was because it needed more floor space. It currently occupies 8,000 sq. ft. on a very long lease. However, almost immediately after moving in, the seller began selling used cars; two cars per week to start and 50 to 60 cars per week as it now stands. His attention was at first divided and now he is running the business that is listed for sale almost totally absentee. The profits from from this business were not reinvested back into the business but siphoned off to buy cars. Sales dropped but have now leveled off at $250,000 per year over the past two years. A Buyer will have to fully stock shelves and add product such as tobacco, staple food products such as milk and eggs, pots and pans, kids stuff, tee shirts, socks, furniture and the like to be fully competitive. However, this businesses price competitive in its market and does carry a few items not found at the other stores such as balloons, party items, cooking trays and flowers. A Buyer should expect to invest $50,000 or more to bring the store inventory, sales and profits back to its original level. Approximately, $85,000 of inventory is included in the offering price. Please contact the broker at 1-877-735-5524.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers

Detailed Information

Location:
Mercer County, NJ
Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
$99,000
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other interest.
Business Website:
http://www.vestedbb.com
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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