| Business Name: | Binmart Deals | |
|---|---|---|
| Property Address: | 15-17 Arctic Parkway, Ewing, NJ. 08638 | |
| NAICS/SIC | 452990 / | |
| Business Sales Price | $75,000 | |
| Price / SF: | $26.32 | |
| Ownership: | BinMart Deals, Inc (private company) | |
| Website: | https://binmartdeals.com/ | |
| Social Media / FACEBOOK: | https://www.facebook.com/search/top/?q=BinMart Deals | |
| Social Media / INSTAGRAM: | https://www.instagram.com/binmartdeals/ | |
| Assets: | Business Name, Inc transfer, Inventory, Intellectual Property, Furniture, Fixture, Equipment, Marketing Rights, Signage, Leasehold Improvements and Lease Rights | |
| Lease Liabilities: | Year 1 Base Rent: $11.00 psf ($2.612.50) monthly, Year 2 Base Rent: $12.50 psf ($2,968.75 monthly, Year 3 Base Rent: $13.00 psf ($3,087.50) monthly. NNN’s estimated at $8.30 psf ($1,907.13) monthly | |
| Lease Term: | Initially 3 year term with commencement on 6/10/2022 and expiration on 6/09/2025; Two options periods of 3 Years Each (+$.50 psf Base Rent Increases annually) | |
| Key Dates: | Lease Commenced: 3/18/2022; Store Opened: 6/10/2022; Primary Lease Terminates: 3/17/2025; Option Notice by: 3/17/2024; Option 1 Terminates: 3/17/2028; Option 2 Terminates: 3/17/2031. | |
| Current Monthly Total Rent: | $4,583.75 | |
| Available sqft. | 2,850 | |
| Dimensions: | 15’ x 100’ | |
| Remodeled / Upfit: | 2022 | |
| Operating Status: | Existing open and operating Overstock / Liquidation Store and General Store | |
| Opened for Business: | 6/10/2022 | |
| Market (MSA): | Trenton, NJ | |
| SubMarket: | Trenton West | |
| Trade Area: | Ewing, NJ | |
| Center/ Neighborhood: | N. Olden Avenue Central (Arctic and Olden Avenues) | |
| Available: | 12/1/2022 | |
| CONTACT: | Mark Mueller | |
| INTERMEDIARY: | REC Resources, LLC | |
| PHONE: | 856-745-9706 | |
| EMAIL: | [email protected] | |
| OM Link: | https://offeringmemorandum.creresources.biz/BinMartDeals | |
Liquidation, Dollar Store, General Store format Retail Store. Selling off-prices, excess stock/overstock, returns, and discounted merchandise at specific price point retail pricing.
Potential Buyers: Please review and complete the following documents if you would like to obtain additional information on this business or make an offer to purchase this business:
Binmart Deals PricingWorksheet 01.19.23.pdf
Sole Proprietorship Industry Financial Profile.pdf
| Valuation Methodology | Base Value | Discount % or Multiple | Valuation | Notes |
|---|---|---|---|---|
| R-12 Revenue (6/10/2022-1/18/2023)) | $327,616 | Based on recorded sales from 6/10/2022 - 1/18/2023 (7 months) with average monthly sales of $46,802 | ||
| Annual Revenue (Projected) | $561,627 | 15 - 20% | $84,244 | Projected 12 months sales, using 15% multiple of Revenue |
| Inventory | $25,000 | 60% | $15,000 | Valuation is at Cost (based on ~value of inventory at any point in time) |
| FF&E | $10,000 | 100% | $10,000 | Per Asset Inventory Chart |
| Working Capital | 0 | |||
| Intellectual Property | $5,000 | $5,000 | Included Social Media outlets (Facebook, Instagram, Website), Customer Loyalty Program | |
| Business Value (Good Will) | $5,000 | $5,000 | ||
| Market Conditions for Asset Class | $1,000 | $1,000 | Strong, growing Value-priced customer base; Very analogue customer demographics within trading area. | |
| Employees Tenure/ Quality / Availability | 2 Part-time/key/cashiers holders, 5 available temporary/hourly staff (for stocking, receiving). Owner functions as store manager. | |||
| Value of Customer Base | $5,000 | $5,000 | Includes Marketing Campaigns (Facebook, Instagram) | |
| Lease Obligations | $56,000 | Total Annual Rent (Monthly Rent of $4,666.68) | ||
| Risk | -$20,000 | -$20,000 | Business only open 6 months, unproven future forecasts | |
| TOTALS From Above | $110,250 | |||
| Seller Discretionary Income (SDE , Net Earnings) | $104,862 | |||
| Selling Price Gross Revenue Rule of Thumb | $115,985 | |||
| Cash Flow Multiplier Rule of Thumb | 1.79 | $187,702 | BBS Worksheet | |
| Discretionary Earnings (”SDE”) + Inventory | $104,862 | $209,724 | Owner takes home ~$5,000 per month in Salary and states ~$60,000 in SDE in 2022. | |
| Cash Flow + Asset Value | $129,862 | |||
| EBITDA Valuation Model | $104,862 | 2.5x’s | $262,156 | |
| Gross Revenue Multiplier Rule of Thumb | .47 | $115,985 | BBS Worksheet | |
| Selling Price (High / Low / Median) | $104,862 | $209,862 | $154,565 | |
| VALUATION SELLING PRICE | $150,000 | |||
| ESTIMATED SELLING PRICE | $125,000 | Recommended Listing Price | ||
| CURRENT LISTING PRICE | $75,000 | Requested by the Seller |
Monthly Sales (6/10/2022 - 01/19/2022)
| Selling Days | Total Monthly | Average Daily Sales | |
|---|---|---|---|
| Jun-22 | 18 | $ 21,159 | $ 1,176 |
| Jul-22 | 27 | $ 41,740 | $ 1,546 |
| Aug-22 | 27 | $ 41,326 | $ 1,531 |
| Sep-22 | 25 | $ 49,690 | $ 1,988 |
| Oct-22 | 27 | $ 44,242 | $ 1,639 |
| Nov-22 | 25 | $ 58,497 | $ 2,340 |
| Dec-22 | 25 | $. 45,800 | $ 1,832 |
| Jan -23 | 14 | $. 25,162 | $ 1,797 |
| Feb-23 |
Daily Sales Analysis (6/10/2022-12/24/2022)
| Day of Weeks | Count | Sum of Weekday | Average Day |
|---|---|---|---|
| Sunday | 32 | $ 28,503 | $ 1,018 |
| Monday | 32 | $ 32,952 | $ 1,177 |
| Tuesday | 32 | $ 23,294 | $ 832 |
| Wednesday | 32 | $ 21,208 | $ 785 |
| Thursday | 31 | $ - | |
| Friday | 31 | $ 132,732 | $ 4,740 |
| Saturday | 32 | $ 51,635 | $ 1,781 |
| Grand Total | 191 | $ 290,324 | $ 1,728 |
| Methodology | Base Value Annualized | % to Revenue | Industry Standards /Guidelines | Discount % or Multiple | Valuation | Notes |
|---|---|---|---|---|---|---|
| Inventory (at Cost) | $15,000 | $15,000 | Estimated on end of day Wed. | |||
| Assets: FF&E | $10,000 | $10,000 | ||||
| Annual Revenue (current year) | $586,186 | 40-45% | 50% | $295,000$293 | Used 50% based on quality of operation and strengths |