Dollar Store Sold By Franchisee For Sale

Franchise terms

A Franchise Renewal fee of $12,500 is made directly to the Franchisor ( Buck or Two Extreme) every FIVE years. Royalties are 6% of Gross Sales.

Business description

Large 10,000 sq ft dollar store for sale by franchisee. Store has been operating since 2003 in a well established outdoor plaza in Newmarket (across from Costco off Green Lane)-45 minutes north of Toronto. The plaza is anchored by other major retailers and superstores.
(Note: A second Buck or Two Store that has been operating since 2000 in Barrie at 11,500 sq ft is also available for sale by the same franchisee at $575,000 plus inventory).
Buck or Two is a 100% Canadian owned and operated chain of specialty retail stores offering quality everyday items with an ever changing mix of seasonal and extreme value products and specialty deals. Buck or Two has been in Canadian neigbourhoods as the source for party supplies, cards and wrap, school supplies, toys and crafts, seasonal items, housewares and more.

Property information

Real Estate:

Lease

Lease terms:

6 year lease remaining

Location:

The store is located in a busy and well estbalished outdoor plaza anchored by major retailers including Costco and the Loblaws Superstore.
The plaza is just off the busy and expanding Yonge.St & Green Lane corridor just north of Davies Hwy#9 ( 45 miniutes from Toronto). Major home construction is currently underway in the surrounding area to support growth.

Other information

Expansion potential:

Major growth in Newmarket and the surrounding region offers excellent opportunity for growth. A second 11,500 sq ft store in Barrie( 25 minutes north of Newmarket) is also available for sale by the same franchisee.
The majority of the 100+ Buck or Two stores across Canada are managed and operated by franchisees who often have more than one store and are supported by the Franchisor – Extreme Retail (Canada) Inc.

Competition / Market:

Unlike single price point dollar stores, Buck or Two offers quality and extreme value merchandise at multiple price points with healthy margins.

Support & training:

Curently the business has an experienced Area Sales Manager and and Account Payables Clerk that oversee both stores. Each store has a Store Manager and 2 Supervisors. New owners can therefore transition themselves easily into the business. The stores operate with well established processes and procedures and are supported by an online ordering system and a wealth of suppliers that have been chosen and catalogued by the franchisor ( Extreme Retail Canada Inc). The franchisor also provides several online sales reporting and inventory systems.

Reasons for selling:

One partner looking to move back to the UK (Note: A second/larger Buck or Two Store that has been operating since 2000 in Barrie at 11,500 sq ft is also available for sale by the same franchisee at $575,000 plus inventory.

Trading hours:

9am-6pm Mon to Sat and to 6pm on Sunday

Inventory / Stock value:

$175,000

Contact the seller