Non-Franchised Dollar Store For Sale

Business description

This family run non-franchised “Dollar Plus Store” has been established for 11 years on a very busy corner, retail / commercial / multi-residential (high-rise) located 20 minutes to Vancouver. Adjustments to the Net Income before Taxes have been made for a single owner / operator.


Despite fierce nearby competition in the last 3 years, sales revenues have increased significantly from $515K in 2006, $672K in 2007 and $789K in 2008. 3 year average income to a single owner / operator is estimated at $121K before taxes.

The Owners have a very well organized store with inventory systems in place. The average mark-up is 40% which leaves significant upside for increased profit. A small 5% increase in the mark-up on the 2007 Sales Revenues of $671,543 would increase the profit margin by almost $34,000 for the year / 2008 Sales revenue of $789K by $40K and should have negligable impact on overall sales. Voted “Readers Choice Award 2007” for best Dollar Store (Local paper). Purchase price DOES NOT INCLDE INVENTORY Approximately $120K to $130K. Owner is looking to retire.

Property information

Lease terms:

Net Lease Rate: $14 SF ($5,194 Month) / Property Tax: $1,123 month (2007- $13,480)/ Lease Term: 5 years (October 1, 2006)

Other information

Competition / Market:

Another Dollar Store established itself near-by 3 years ago. Dispite this fierce competion the sales revenues of this Business for Sale has increased 30% from 2006 to 2007 and 17.5% from 2007 to 2008.

Support & training:

Yes

Reasons for selling:

Retiring

Financing available:

No

Inventory / Stock value:

$130,000

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