Dollar Plus And Party Store

Watertown, CT
Middlesex County


Asking Price: Annual Revenue:
$50,000 Not Disclosed

Retail: Dollar Stores


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RE: Dollar Plus And Party Store Broker: C. J. (Charlie) Vlahos

Quick Facts

Asking Price: $50,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 1
BBN Listing #: 21772770
Broker Reference #: 406

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Business Overview:

This Dollar Plus and Party Store business has been in Watertown over 9 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.

The store is no longer only a dollar store. Now prices go up from a dollar to $2, $2.50, $3.00 and some items over $3.50.
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.

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Property Features and Assets:

Store hours are: Monday – Friday 10:00 to 5:00, Saturday 9:00 to 4:00 and Sunday 10:00 to 2:00. Total of 46 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 46 hours – for retail - that is a “short week”. It is hard to say what sales are because no records will be made available. To make matters worse, now we’re in the middle of the Co-Vid Pandemic (March 2020 - Present). 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 9 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.

Market Competition and Expansion:

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 $400 for the CAM (common area maintenance) and $450 for R.E. Taxes. Total rent is $2,750. 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-Mailed to you upon request.

Reason for Selling:

Retirement

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.

Documents:

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