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Business for Sale Summary

Discount Store For Sale in Mercer County, NJ - 29598

Business Type: retailing businesses,card shop/stationery store,convenience store,general merchandise store,gift and specialty retail,misc. retail/non-classifiable,supermarket
 Discount Store For Sale in Mercer County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$99,000 Down and

Business Description

Like Dollar General and Family Dollar, this dollar store brand makes one-stop family shopping 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. The new spot is no more than 50 feet away from where it was, because the business 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. His attention was at first divided, and now he is running the business 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 products, 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 business's price is competitive in its market, and it 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 for further information.

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 kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.