Profitable Dollar / Discount Store in Bronx

Not Disclosed, NY
Bronx County


Asking Price: Annual Revenue:
$379,000 $756,000

Retail: Dollar Stores


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RE: Profitable Dollar / Discount Store in Bronx Broker: Sherry M. Wang

Quick Facts

Asking Price: $379,000
Annual Revenue: $756,000
Net Profit: Not Disclosed
Cash Flow: $132,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 92652376
Broker Reference #: 86471-778526

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Business Overview:

This very profitable convenience / dollar / discount store has been established for over 22 years. It’s located in a super busy neighborhood in East Bronx, surrounded by apartment complex. Its size is 1300 sq. ft., plus the storage & office space with almost the same size. Large storefront, high profit margin, plus lottery commission. The values of the inventory will be close to $200,000 for thousands of different kinds of items to be included in the asking price. Seller's net cash flow is over $10,000 a month. Seller wants to retire. A great turn-key business opportunity that you don’t want to miss.

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Property Features and Assets:

Over 22 years Very limited competition nearby.

Market Competition and Expansion:

The owner just got a new 5 years lease, and the landlord lowered the monthly rent from $13,500 to $9,500, which is a great news for the new owner. That is a $4,000 increase on the monthly cash flow. Perfect timing for purchasing this business.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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