Withheld Street

Watertown, CT 06795

Please note...Price as shown ($14, 500) is plus inventory... Inventory is estimated at $50, 000 - $75, 000. 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. The store is no longer only a dollar store. Now prices go up from a dollar to $2, $2.50, and with a few items over $3.50. So, if you want to be your own boss and you are experienced in low priced retail merchandising – take a look. Experience is recommended as no financial info will be available – excepting 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. Store hours are Monday – Friday 10:00 to 6:00, Saturday 9:00 to 4:00 and Sunday 10:00 to 2:00. Total of 51 hours. The store is in a small, fairly new shopping plaza with 9 other stores. Plenty of parking. Base Rent is $1, 900 per month plus $500 for the CAM (common area maintenance) and $600 for R.E. Taxes. Total rent is $3, 000. The Owner is now month to month so a new lease will have to be negotiated with the landlord., 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 a good deal for someone who wants a Dollar Plus store in this location. Simple to operate with 12 years of satisfied customers. 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. 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 bath-room, 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. No Tax Returns will be available. Will go over and show expenses of operations and current sales. Also, please explain that price as shown is plus inventory. Inventory levels fluctuate for many reasons. Will have time to check inventory during your clients Due Diligence. Agents...please make sure your clients are qualified, both financially and experienced to own and operate a retail business and all that it entails.. Owner will work with Buyer for at least 2 weeks and would consider working (paid) 1 or 2 days a week for the new Owner after closing

Listing courtesy of Cj (Charlie) Vlahos of Blanket Real Estate



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc.