Business Summary:
This Dollar Plus and Party Store business has been in Watertown for over 12 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.
Price is $14,500 plus inventory ($50,000-$75,000 depending on time of year.
The store is no longer only a dollar store. Now prices go up from a dollar to $2, $2.50, with some items over $3.00.
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 – except 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.
This is just like starting a business from scratch – when you don’t have too much of an idea of what your sales will be when you open the door.
Other uses for this business and store could be to expand the party merchandise products or turn the store into a variety store. The location, shelving rugs, etc. are all in excellent condition – good for many retail or office uses.
Store hours are Monday – Friday 10:00 to 6:00, Saturday 9:00 to 4:00, and Sunday 10:00 to 2:00, a total of 51 hours. The store is in a small, fairly new shopping plaza with 9 other stores. Plenty of parking Plaza’s lot.
The current Owner works the store by herself. Only 51 hours – for retail - this is a “short week”. It is hard to say what sales are because no records will be made available.
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 12 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 all the Goodwill that exists so it’s probably a good deal for someone who wants a Dollar + store in this location.
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 $500 for the CAM (common area maintenance) and $600 for R.E. Taxes. The total rent is $3,000. 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, 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, a bathroom, storage, and a rear exit door.
Parking is adequate in the plaza. More than 13,800 - 17,700 cars per day are 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, or can be e-Mailed to you upon request.
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