Discount General Merchandise Store for Sale
Location: Massachusetts > Bristol County
Industry: General Merchandise > Other General Merchandise
Financials
Asking Price: $99,000
Gross Revenue: $293,000
Gross Revenue Comments: Increase it by increasing advertising
Cash Flow: $95,000
Cash Flow Comments: Increase it by adding higher dollar cost items
Inventory: $50,000 (Not Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Seller Financing: Buyer financing scenario: EXAMPLE ONLY! Sale price: $149,000.00 (includes $50,000.00 inventory, priced @ cost). Buyer down payment: $49,000.00. Buyer amount financed: $100,000.00. Buyer annual net cash flow: $95,773.00. Buyer's annual living wage: $58,994.00. Buyer's annual debt service: $36,779.00. Buyer monthly living wage: $4,916.00. Buyer monthly debt service: $3,065.00 (36 months financing @ 6.5% interest). Total number of months for business to repay buyer the down payment: 9.97. If buyer keeps everything the same as now, during the first 36 months, s/he will draw an annual salary of $58,994.00. The BUSINESS will pay the debt service AND repay the down payment to him/her. For all subsequent years after the initial 3 years, s/he will draw $58,994.00 PLUS the money that went to pay off the debt service - $36,779.00 - for a total of $95,773.00. All additional bottom line improvements in net profit achieved through an increase in gross sales and/or reduction of expenses would be added to the Buyer's bottom line net income. Contact Broker for financing options.
Business Summary
Value. This is what today's customer wants and this is what this neat, clean general merchandise store delivers. This 3,000 sq. ft. store offers reasonable prices to its customers and carries name brand merchandise: baby supplies, health & beauty supplies, party supplies, jewelry, foodstuffs, toys, perfumes, housewares, hardware, birthday cards, beach fun toys, CD's, DVD's, cleaning products, a wide selection of hand-dipped incense, burning oils, scented candles, glass candle holders, scented oil burners, impulse candy items, and the store is an authorized representative for Nextel and T-Mobile prepaid phone cards. The store also carries prepaid cellular phones and cellular phone accessories which include: car charger, home charger, premium leather cellular phone cases, other leather cellular phone cases, ear pieces and Bluetooth hands-free headsets. Opened for business in March, 2004, this discount general merchandise store continues to do business from its original location and has established a loyal, broad-based customer following. The owner works in the store. Store hours are: 9:00a.m. - 9:00p.m., Monday – Saturday; and, 10:00a.m. - 6:00p.m. on Sunday. The store accepts MasterCard and Visa for added customer convenience. Seller recommends that buyer re-start the advertising campaign which increases gross sales noticeably. The seller keeps his customers interested in his wares by seeking out new and different merchandise items that they will be hard pressed to find at any other general merchandise store. His dollar store concept draws in customer traffic; however, he sells several items that shoppers want, that have higher price tags. The seller is an accomplished businessman who built this store from scratch. The buyer can step into this turn-key, successful business operation and continue to reap the profits that the seller has built up over several years of consistent gross and net sales, yielding very good net income. The profile for the typical customer reveals a female; in fact, 75% of the shoppers at this discount variety store are females, which is consistent with the customer profile for shoppers in general. Well-ordered, well-stocked and laid out in such a way as to make shopping an enjoyable experience for its patrons, this store has the capacity to increase gross and net sales. The bulk of the work has already been done by the seller, by creating a profitable business. Buyer should initially mirror what the seller has done and what the seller recommends to continue on in a proven, winning direction. Seller will train buyer for 2 weeks, at no additional charge. Suppliers are in place; a well-established customer base has been developed; and, the right person coming into this successful business operation will have fun making money, and enjoy his/her work. It’s ideal for either someone just starting out in business for the first time, someone with limited retail business experience, or the seasoned business owner. The current economic climate would tend to indicate that gross and net sales for discount general merchandise stores will continue to rise sharply well into the foreseeable future. The store is in compliance with all applicable laws and regulations, and all licenses are current and in place. The store had documented gross sales of $1,172,461.00 over a four year period. For calendar year 2007, the store grossed $293,000.00 in documented sales, earning the seller $95,000.00. Sale of the business includes: all furniture, fixtures and store equipment, and a 16-camera state-of-the-art high security system, valued at $15,000.00. Final cost of inventory will be determined, then added to asking price. For now, assume inventory price to be $50,000.00.
About the Business
Year Established: 2004
Employees: 1 full time - 2 part time
Facilities: 3,000 sq. ft. leased space facility, in a popular strip mall.
Market Outlook and Competition: Market outlook for this type of retail sales can only be characterized as very promising, whne one factors in the present economic situation. Even in boom times, this retail market niche will still enjoy good sales - not everyone will have extra personal cash flow, due to the costs to fuel their automobiles. The consumer is much more aware of the value of thier hard-earned dollars, than most corporate managers apparently understand.
About the Sale
Management Training and Support: Seller will train buyer for two weeks at no additional charge.
Reason For Selling: Seller wants to spend more time with his family.

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Listing Tools
BizQuest ID:895083
Business Listed By
Name:Roddy Starr, MBA
Company:Advantage Business Services Company
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