Independent Dollar Plus Store In Metro El Paso!

El Paso, TX
El Paso County

Located in El Paso metro area.


Asking Price: Annual Revenue:
$80,000 $33,687

Retail: Dollar Stores


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RE: Independent Dollar Plus Store In Metro El Paso! Broker: Larry Fry
Owner Financing is Available!
Owner will finance with 50% down, with the remaining balance to be paid off via monthly payments over a 5 year period at 5% interest.

Quick Facts

Asking Price: $80,000
Annual Revenue: $33,687
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $81,255
Real Estate: Not Disclosed
Year Established: 2016
Employees: 3
BBN Listing #: 133156457
Broker Reference #: 75951-424071

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Business Overview:

This independent Dollar Plus Store has been established now for over 3 years with the current owner. Because it is not a franchise there is no transfer fee involved with its purchase. Its multiple revenue stream consists of selling groceries, household items, lotto, ATM, etc. Steady growth in sales by supplying local residents, neighboring businesses and shops in the downtown area. Owner has kept accurate books and records. Business started in November of 2015. May qualify for E2 Visa status.

This particular industry consists of establishments that are primarily engaged in retailing new goods in general merchandise stores (I.e., except department stores, warehouse clubs, superstores, and supercenters). These establishments retail a general line of new merchandise, such as apparel, automotive parts, dry goods, hardware, groceries, housewares or home furnishings, and other lines in limited amounts, with none of the lines predominating. Owner is seeking a quick offer for this strategically located Dollar Plus Store that has a lot of potential for the right owner/operator based on its prime location in the downtown area.

NOTICES:
* Revenue shown is the computed average of the 2 year period from 2017 thru 2018 as reported on the seller's tax returns.
* FF&E shown is approximate as reported by the seller.
* Current Inventory is approximately $62,523 as reported by the seller.
* All information, data, financials, valuations, appraisals, etc. must be verified by the buyer’s independent professional advisors before putting any money at risk as the broker has no knowledge of the accuracy of said information & makes no warranty, expressed or implied, as to the accuracy of such information.
* Non-Disclosure Agreement (NDA) is required. The seller’s financial data is confidential & will only be disclosed to qualified buyers with a signed NDA in place.
* For more information please contact broker or email us.

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Property Features and Assets:

This is a strategically located Dollar Plus Store due to its near downtown El Paso location. It has 5,400 square feet of retail store space that's fairly new. Lists of Inventory, Furniture, Fixtures & Equipment are available upon request.

Market Competition and Expansion:

* With the increase in competition, profit margins must be looked into carefully. * Sells easily, as mom-and-pops types are moving in, and it's day hours only. * Very competitive market as more diversification and the astute marketers are moving to the $1 to $5 price spread. * There seems to be a downward pressure on profitability, but dollar stores in general are expanding into higher priced and higher margin items. * The industry model keeps labor costs low. * Not too difficult to replicate, resulting in easy entry for new owners. * Needs a large amount of inventory; thus, the larger the store, the better the variety and the sales. * Easy replication results in low entry barriers/costs for competitors, resulting in a possible squeeze in profit margins down the road for established owners. * Very easy to operate; mom-and-pop operators are moving in at great speed; mostly an all cash business.

Reason for Selling:

Owner to move back home due to family reasons.

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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