Business Overview:
Who doesn’t like a deep discounted sale? Here is your chance to buy a million dollar discount department store for the cost of inventory. The store grosses on average over $1,100,000, nets over $175,000 and current sellable inventory at wholesale prices are well-over $500,000. The asking price is $500,000 INCLUDING inventory AND the seller is holding a $200,000 note for the buyer.
This discount department store is well-established and offers unique, quality products that competitors don’t even offer at low prices. It has done very well during the pandemic and is poised to do even better going forward. Margins have remained healthy.
In addition to a seller note, the seller is willing to help a new owner with almost anything and will be available for a year. Seller needs to slow down and consider semi-retirement. Contact Orlando M Rivera for more information.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The facility has roughly 9,000 Square Feet +/- storefront and roughly 2,000 Square Feet +/- storage. Located in a high traffic location with roughly $20,000 to $26,000 AADT.
Market Competition and Expansion:
IBIS World reports the discount stores industry has capitalized on the recession, with more consumers turning to these stores for deep discounts. There are numerous dollar stores but this discount store offers a greater variety and better quality products and services that other discount stores do not.
Reason for Selling:
Other Interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Relevant Links: