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Business for Sale Summary

Dollar Store in Prince George County, MD - 22311

Business Type: convenience store,general merchandise store,best deals!,illness forces sale!,new to market
Dollar Store in Prince George County, MD
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Financial Information (non-confidential)

General Information
Asking Price $149,000 Down Payment $149,000
Gross Revenues $434,400 Lease Remaining Register Free to View
Owner’s Cash Flow $106,726 Number of FT Employees Register Free to View

Financing

$149,000 Down and

Business Description

This popular, urban general store is offered at a discount for a quick sale, due to owner's early retirement after serious illness and hospital stay. Entire inventory is included. This thriving discount store sells all types of items for daily needs, at great prices. There are no mass merchandisers, supermarkets or convenience stores nearby. Average household income in this community is about 35% lower than in the Metro DC Area. The owners have served the community well over their six years, running this large (5000 sq. ft.), well-lit (newly energy efficient), well-maintained (HVAC recently overhauled), neatly-arranged emporium. There is plenty of secure storage. Rent is low. Landlord will accommodate new tenant with new long-term net lease. Three separate vendors for unrelated specialty items rent counter space, which offsets the occupancy cost. Other, new income streams were in the works, but owner had insufficient energy to follow through. MD Lottery would generate healthy commission. MoneyGram would serve the growing immigrant community, desiring to send money to relatives back home. Expanding sales of food to 50% of total would allow the store to accept Electronic Benefit Transfers (EBT) to better serve local residents who receive state food stamps and cash benefits. This business is a good fit for the community, and serving it even better will bring even greater profits to the new operator. Call today. 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.