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Profitable NY Dollar Store For Sale

24/wk
New York County, New York, United States
Photos Website Map
Asking Price$450,000
Revenue$1,300,000 Established1988
Cash Flow$250,000 Employees5 full-time
FF&E$125,000* FranchiseNo
Inventory$400,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity to own this highly profitable Dollar Store in down town Manhattan, New York. The business has a gross yearly income of $1,300,000 and a consistent net yearly income to the owner operator. This $.99 Cents store is a premier retailer that primarily carries name-brand consumable and general merchandise for its various customers. They are an exciting shopping destination, often the first stop, for price-sensitive consumers, and a fun treasure-hunt shopping experience for other value conscious consumers. The store is attractively merchandised, clean, and a full-service shopping destination that offers customers significant value on a wide selection of quality products. From everyday household items to fresh produce to an exciting assortment of seasonal and party merchandise including decorations, costumes and gifts. Merchandise encompasses name-brand closeouts and regularly available food and beverage products such as produce, deli, and other basic grocery items. They supply their customers want premium products at great prices and wonderful service. This industry does not require government licensing approval to purchase or operate. This very active 99 Cents retail company has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $15,000. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $18,108, cost per square foot is estimated at $54.32 and rent security of approximately $50,000. The business is on very busy commercial avenue with thousands of daily shoppers, consists of approximately 4,000 square feet and has an estimated capacity for approximately sixty-five customers. The business existing fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail store, which includes various displays, shelving, POS system, tables, computers, POS system, accounting software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The highly populated urban city has limited public parking in the general area. This successful Dollar store business operation is active seven days per week, with hours from 9:00 am to 12:00 am. The sale includes all required documentation including a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The buyer will find this as a dependable business opportunity with a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The facility is located in downtown Manhattan New York, in the West Village area. The general area represents a most affluent and highly populated area of New York. This successful retail facility consists of 4,000 square feet in a commercial building with various other successful business. This general area, lower Manhattan represents thousands of daily shoppers and residents.
Competition:There are a limited number of similar dollar store business in this area, however competitors presently exist in the industry and to the best of our knowledge, no other new competitors are expected near to this business. The owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a very limited marketing plan, basic web site which can be improved to further develop the business gross sales.
Training/Support:The owner seller will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:May be available to a qualified buyer.
Sale Reason:The sale is due to the owner’s absentee and he is employed full time.
Ad #99075
Seller Reference #RETL310
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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