Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Highly Profitable Franchise Dollar Store

LISTING DETAILS
Firms For Sale ID:
29046
Vendor reference:
8022-12-27
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$499,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$1,401,530
Net profit / cashflow:
$164,360
Years established:
2001
Number of employees:
10
Business website:

OTHER DETAILS
Reason for selling:
The owner would like to retire.
Financing available:
Negotiable
Support and training:
The owner will provide sufficient training to allow for a smooth transition
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
5
Lease remaining:
1
 
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BUSINESS DESCRIPTION
VR Business Sales Presents: This popular franchise dollar store is a favourite of the community in greater Edmonton. The business was established in 2001 and quickly expanded to almost double its original size in 2003. It has proven track record of good profitability, generating an average of $140,000/year cash flow for the owner in the last 3 years. The store has revenues of over $1,200,000 annually. The store is well known in the community for its friendly and knowledgeable staff and better quality merchandises. The owner is very involved in the community activities and events and as such had a lot of opportunities to promote the business and supply products to the events. This well run, turnkey business is a great opportunity for a new owner to benefit from its proven sales record, leverage its good reputation and grow the business further. Seller is willing to train and provide some financing to a qualified buyer.
THIS BUSINESS IS CURRENTLY UNDER CONTRACT.