ESTABLISHED DOLLAR STORES – Two locations included in the price

Contact: Malcolm Fenton
Phone: 616.558.8697
Email: [email protected]

Description:

A rare retail opportunity has just come on the market: Two individual dollar stores chocked full of merchandise for summertime as well as year around fun. Supplies for graduation parties, sand toys for the beach, picture frames, napkins, glassware, dishes and a variety of other seasonal and year around items not seen in most other dollar stores. Current owners have other business interests that have required more time and attention recently thus the need to turn the operations over to a new retail focused owner.

The listing price of $190,000 includes approximately $165,000 in on site inventory between the two locations. The properties are leased from third parties and the landlords are willing to sign long-term (5 years or more) leases with a qualified buyer. The listing price is based upon a multiple of 2.75 times average weighted SDE (Sellers Discretionary Earnings – the historical normalized cash flow available to pay an owner/operator and service debt) – plus the estimated value of all inventory. Combined sales average $450,000 per year. Additionally, a meaningful seller note may be available to a qualified buyer. Transition training assistance is also included in the offer price.

To learn more about this opportunity please contact Malcolm Fenton at 616.558.8697 or email to mfenton@praxisbusinessbrokers.com.

Location(s): West Michigan

Asking Price: 190,000
Cash Flow: 12,100
Gross: $455,000
Inventory: 165,000

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