Dollar Plus And Party Store
| Asking Price: | $14,500 |
| Established Year: | 2011 |
| Rent: | $3,000/Month |
This business is off the mrket until Jan or February. Call Listing agent for more info. Dollar Plus and Party Store business has been in Watertown over 12 years. Before that it was in Waterbury for 7 years. The store is in a shopping plaza and is 1,700 s.f. It is full of party goods, balloons and miscellaneous merchandise that is usually found in Dollar and variety stores.
Price is $14,500 plus inventory ($50,000 - $75,000 depending on time of year).
The store is no longer only a dollar store. Now prices go up from a dollar to $2, $2.50, and some items over $3.00
So, if you want to be your own boss and you are experienced in low priced retail merchandising – take a look at this store.
Experience is recommended as no financial info will be available – excepting operating costs. When you make an Offer, if acceptable, you will have time to observe and ask the Owner and your advisors any questions you might have on this business and industry.
Other uses for this business and store could be: expand the party merchandise products or turn the store into a variety store. The location, shelving rugs etc. are all there and in excellent condition – good for many retail or even office uses.
Store hours are Monday – Friday 10:00 to 6:00, Saturday 9:00 to 4:00 and Sunday 10:00 to 2:00. Total of 51 hours. The store is in a small, fairly new shopping plaza with 9 other stores. Plenty of parking.
The current Owner works the store by herself. Only 51 hours – for retail - that is a “short week”. It is hard to say what sales are because no records will be made available.
A thought…One of the reasons this business is priced as it is – is because if you buy, it will be like opening this business 12 years ago (when it first opened-up with no sales history). Consequently, you should have some experience or at least want this kind of business. You aren’t paying for Goodwill (yet some exists), so it’s a good deal for someone who wants a Dollar + store in a location that it’s in.
Speaking of location, the store is in a community with the right demographics for a low-priced dollar Plus party store. See detail in the Executive Summary.
Base Rent is $1,900 per month plus $500 for the CAM (common area maintenance) and $600 for R.E. Taxes. Total rent is $3,000/mo. The Owner is now month to month so a new lease will have to be negotiated with the landlord.
The store is 1,700 s.f. and is a corner unit. The retail area has 10 sections of display area: 3 +/- 27’ long double-sided rows of peg hooks, and shelves in the middle with end caps and the 4 walls have peg hooks. The back room is spacious and includes a counter for the employee coffee and food preparation area, utilities, bath-room, storage and a rear exit door.
Parking is adequate in the plaza. There are more than 17,700 cars per day passing the front of the shopping plaza.
Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request.
Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.
