Established Discount Store For Sale In Mercer County, NJ-29598 - $150000 (Mercer County)

Established Discount Store For Sale

Business Description: Like Dollar General and Family Dollar, this dollar store brand makes one stop family shopping for everyday needs simpler and 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, no more than 50 feet away from where it was because it 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; two cars per week to start, and 50 to 60 cars per week as it now stands.
His attention was at first divided, and now he is running the business that is listed for sale 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 businesses price competitive in its market and 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.

Asking Price: $150,000.00

Gross Revenue: $250,000.00

Owner's Cash Flow: $50,000.00

Down Payment: $150,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

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.
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