Business Overview

New Dollar Store in busy south Everett Shopping Center. Seller has been running other business and has not had the time to build this store. Any type of retail would work in this busy location or keep it a Dollar Store. Over 4000 square feet. Seller will sell all the inventory at a discount to a buyer. Seller is motivated to sell, bring all offers.

Financial

  • Asking Price: $15,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,178
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes

Additional Info

The business was established in 2019, making the business 3 years old.

The company has 1 F/T 0 P/T employees and is located in a building with disclosed square footage of 4,178 sq ft.
The building is leased by the company for $6,267 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell operating businesses. However, the genuine reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is really essential that you not depend totally on a vendor's word, yet rather, make use of the vendor's answer in conjunction with your general due diligence. This will repaint an extra reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new customers? Many times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the area, roadway building, and also employee turnover can affect repeat consumers and negatively affect future incomes. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the better the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the regional average household income effect future revenue prospects?