Established Discount Retail Business

Business Overview:

This well-established discount retail store, operating since 1998, serves a thriving Riverside community with a diverse range of consumer goods, including men’s and women’s clothing, general merchandise, makeup, and seasonal items, priced competitively between $0.49 and $60.00, with most items ranging from $1.00 to $20.00. Located in a 6,767 sqft facility with low rent of approximately $1 per square foot (including CAM) and a lease extending to July 2028 with renewal options, the business benefits from a strategic location with high visibility, ample parking, and steady foot traffic from a growing residential and commercial area.

The store operates with efficient systems, optimized store layout, and well-trained staff of three full-time employees, ensuring smooth operations and high customer satisfaction (4.3/5 Google rating). With an estimated inventory of $175,000 and multiple revenue streams, the business achieves high inventory turnover and consistent profitability, evidenced by a 2023 gross revenue of $777,218 and Seller’s Discretionary Earnings (SDE) of $121,019 for the 12 months ending June 2024. The current owner offers two weeks of free training to ensure a seamless transition, with optional consulting support post-sale.

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Property Features and Assets:

Founded in 1998, this retail operation has become a go-to destination for local residents and workers, offering quality merchandise at value-driven prices. Under current ownership since May 2018, the business has strengthened its market presence through improved customer service, reliable vendor networks, and streamlined operations. The owner’s focus on continuous staff training and operational efficiency has driven steady growth, with gross revenues increasing from $665,362 in 2019 to $777,218 in 2023, despite a dip during 2020. The business has adapted to market shifts while maintaining strong community ties and customer loyalty, positioning it as a trusted local retailer.

Market Competition and Expansion:

This retail store stands out in a market with no nearby big-box competitors, offering personalized service, competitive pricing, and a flexible inventory tailored to local preferences. Its strategic location ensures superior accessibility compared to larger retailers, making it ideal for daily shopping needs. Strong vendor relationships enable competitive wholesale pricing, supporting healthy profit margins despite low overhead costs (monthly rent of $6,944.38). The business’s community-focused approach and 4.3/5 Google rating foster customer loyalty, creating a sustainable competitive edge. This unique market position appeals to value-conscious consumers, ensuring consistent returns for the owner.

Significant growth opportunities await the new owner. Extending operating hours beyond the current Sunday–Friday 10 AM–6 PM and Saturday 9 AM–6 PM schedule (previously 7:30 PM pre-pandemic) could boost sales. Expanding inventory with more high-demand items or introducing new merchandise and services—such as screen printing, key making, or floral offerings—could drive additional foot traffic and revenue. The growing Riverside community provides a natural market for increased customer acquisition through targeted digital marketing, social media engagement, or loyalty programs. E-commerce integration or specialized product lines could further capture untapped market segments, building on the business’s established vendor relationships and proven model.

Reason for Selling:

Additional Details:

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