Profitable Dollar Store W/ the Best Prices In Town

Passaic County, NJ

Profitable Dollar Store W/ the Best Prices In Town
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Asking Price: $169,000

Cash Flow: $80,832

Gross Revenue: $530,758

EBITDA: N/A

FF&E: $17,500

Inventory: $100,000

Established: 2008

Profitable Dollar Store W/ the Best Prices In Town

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Business Description

Huge nicely-renovated Dollar Store in a very busy strip mall. Plenty of foot traffic & plenty of parking out front. It's in an attractive & a very safe neighborhood. Owner has a health issue prompting the sale. Big storage room, with cameras and 2 monitors. Store has an extensive collection of balloons & party supplies for weddings, engagement, graduation & other parties. The same for all the different festive holiday's, ie. Halloween. They carry many household products, greeting cards, drinks & snacks, school supplies, etc. FURNITURE, FIXTURES, & EQUIPMENT of $17,500 & $100k in Inventory included in sale. New qualified tenant can get a good long term lease situation like the owners. Contact Seth Kain @ 201-317-4710 for additional details & showing. Ref #6150SK

Detailed Information

Location:
Passaic County, NJ
Inventory:
Included in asking price
Employees:
1 F/T 4 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,997 square feet. Free strip mall parking. “All” furniture, fixtures & equipment are in very god condition & are included in sale. Owner has 5 years left on a 10 year lease along with a 5 year option. A new tenant can try to re-negotiable more favorable lease terms or get a lease assignment.
Competition:
This is the one and only dollar store in the entire town. There is only dollar store in each of these 3 neighboring towns. But, their average prices are considerably higher. Every single item is priced at exactly $1.00 at this store.
Growth & Expansion:
A new owner cannot get a lottery machine based on the franchise agreement. It’d be advantageous to bring in an ATM machine. The owner researched bringing in some type of “bill day” service. But, they determined there’s too much area competition for it.
Support & Training:
2 weeks corporate training. Owner will also provide training from 9am-3pm Monday-Friday, for 1 week.
Reason for Selling:
The owner has a health issue.
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(from currently available funds)
 
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Seth Kain

Business Listed By:
Seth Kain

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Sponsoring Broker:
Larry Bodner

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