Property ID : SPL25.471
For Sale $30,000.00 - Redemption Center
DESCRIPTION:
- A redemption center East of the City of Rochester located off a major highway
- Additional income of $100-$200/month is earned by bringing back scrap aluminum to Alpco,
- Operating since 2021
- 1200 square feet that employees 4
- Hours of business; open daily 10 am – 4 pm, closed Tuesday, Wednesday and Sunday
- Open only 24 hours a week
- ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures, and equipment at a fair market value of $5,000
LEASE ARRANGEMENTS:
- Current lease is $1,000 a month Gross
- A new lease can be negotiated
SALES:
Sales reported for 2024: $123,044
PRICE/FINANCING:
- Asking price is $30,000
COMMENTS:
Run by Absentee owners. Currently in NYS redemption centers earn 3.5 cents per bottle.
There is talk with NYS to raise that to 5 cents by next year. Offering pick up and expanding hours will increase revenue. the current model is operating 24 hours a week with average net profit of $1,000 to $1,500 a week before expenses. All Profit pays no sales tax.
