99 Cents Style Retail Store – Including Inventory

Listing ID - 01985403DZ

In light of a family decision to relocate, the current owner presents a unique opportunity to acquire a cherished local convenience store, transitioning this 99-cent-style gem into a promising venture for an enthusiastic new proprietor.

This store is meticulously organized across seven aisles, each extending about 100 feet and featuring products artfully arranged on shelves lining both sides.

Occupying a spacious 5,500 square feet, the premises also encompass a 2,500 square foot storage area on the second floor.

The store presently showcases approximately 1,000 SKUs, offering various items from school supplies and snacks to drinks and tools.

The current owner advises that there is significant potential to expand the variety of products, particularly within the food and beverage segment (notably, eggs are already a part of the inventory), aiming to boost sales and appeal to a wider audience.

Additionally, a strategic investment in marketing, especially targeting local schools and neighborhoods, is recommended to further increase revenue.

The introduction of U-Haul rental services is also suggested as a viable option, supported by the availability of ample parking spaces.

Financially, the store sees a regular inventory restocking cost of around $17,000 monthly, with in-store sales averaging $33,000.

Online sales, facilitated through third-party platforms, add approximately $4,500, culminating in a total monthly revenue of about $37,500.

The total inventory, valued at a minimum of $80,000 at cost, is included in the sale price of $120,000.

Down Payment: $120,000

Total Sales: $450,000

Cash Flow: $98,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $80,000

Inventory Included: Yes

Year Established: 2003

Days & Hours of Operation: 9-8 SS

Owner Hours Per Week: 30

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: No

Lease Option: 5 Years Renewal

Real Estate: N/A

Monthly Rent: $6,869

Square Footage: 5500 + 2nd Floor 2500

Reason For Sale:

Relocation