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Please note. . . Inventory is included. This Dollar Plus and Party Store business has been in Watertown for over 13 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 13 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 13 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 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 note that price as shown is including inventory. Inventory levels fluctuate for many reasons. Will have time to check inventory during your 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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $52,000 | $52,000 | $52,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.522% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $295 | $311 | $418 |
| Total Monthly Payment | $370 | $386 | $493 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.