Discount Store for Sale in Mercer County, NJ

LISTING ID # 29598

Like Dollar General and Family Dollar, this dollar store brand makes one-stop family shopping hassle-free. Located in a lower-end community of Mercer County, this business is the right store for the right place. In business in the township for 17 years, ownership moved, two years ago, to its new location. The new spot is no more than 50 feet away from where it was, because the business needed more floor space. It currently occupies 8,000 sq. ft. on a very long lease. However, almost immediately after moving in, the seller began selling used cars. His attention was at first divided, and now he is running the business almost totally absentee. The profits from from this business were not reinvested back into the business, but siphoned off to buy cars. Sales dropped, but have now leveled off at $250,000 per year, over the past two years. A buyer will have to fully stock shelves and add products, such as tobacco, staple food products, such as milk and eggs, pots and pans, kids' stuff, tee shirts, socks, furniture and the like to be fully competitive. However, this business's price is competitive in its market, and it does carry a few items, not found at the other stores, such as balloons, party items, cooking trays and flowers. A buyer should expect to invest $50,000 or more to bring the store inventory, sales and profits back to its original level. Approximately $85,000 of inventory is included in the offering price. Please contact the broker.