Turnkey Dollar Store
Turnkey Dollar Store
Price: $149,000
Location: WATERDOWN
Listing ID: 20230603
Listing Status: Sold
Absolutely Turnkey Dollar Store
operation serving customers for five years.
Excellent location in busy Shopping Centre, beside anchor stores like Shoppers Drug Mart, Sobeys, TD Bank, Tim Hortons and others.
Inventory value will be counted separately at cost.
Total Sales: $600,000
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owner is relocating.
Training & Support:
Franchisor will provide comprehensive Pre-Opening Training, Marketing materials and expertise.
Franchisor also provides connection with industry tradeshows and regional meetings are scheduled with opportunities to share ideas and learn new ways to grow.
Owner will assist with training to transition a new owner.
Year Established: Franchise 1993, Store 2018
Owner Hours Per Week: Mon-Fri 9am – 9pm, Sat-Sun 10am – 6pm
Employees: 3 part-time clerks
Monthly Rent: $7,150
Type of Location: Very busy shopping mall with plenty of traffic.
Square Footage: The premises consist of 5045 sq. ft. fully air conditioned and completely finished with one bathroom. The current lease expires on May 31, 2028, and is renewable for two further terms of five (5) years each. Minimum Rent is $17.00 per sq. ft. ($7,147.00 monthly) plus TMI pursuant to the Lease Agreement.
Facilities Information:
This is a well-established, profitable and growing business. The store has been finished with quality fixtures and equipment, in an impressive layout. The business includes all fixtures, equipment, leasehold improvements, goodwill and franchise rights.
Competition:
The biggest competition is from other very large $$$ store companies. This store has added different items in variety and quality moving towards many high-end items to differentiate itself from the competition.
It has an extremely strong reputation in the area for the Balloon Bouquet Arrangements and 20% of its revenue is generated from this source. Margins are better for this product also, so other discount stores cannot compete with this company.
Potential Growth:
The entire area has vastly expanded in recent years and there are still very many areas under construction of new residential units. Potential growth for this store is undoubted.