Property Details

Long-Standing and Profitable Convenience Store - Monroe County

Property ID : LB22.230

For Sale $250,000.00 - Convenience Store

DESCRIPTION:

  • Long-standing and profitable Convenience Store, located in a heavily populated suburb of Rochester NY.
  • Established in the 1970’s, this store has been a staple in the community and has served local residents with drinks, snacks, cigarettes and sundries for decades.
  • Clean and organized 3,000 square foot facility, just recently remodeled with new flooring and shelving.
  • Lotto and ATM commissions brought in over $ 80,000 of added net revenue in 2018.
  • Space includes a take-out restaurant that sub-leases from seller for $ 1,000/month on a month-month lease. New Buyer can operate their own food facility or keep the existing sub-tenant.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):

  • Fair market value of Furniture, Fixtures and Equipment of $ 20,000.
  • Inventory, at seller’s cost of $ 35,000.
  • Restaurant equipment belongs to a sub-tenant and is not included in the asking price.

 LEASE ARRANGEMENTS:

  • Triple Net rent averaged $ 4,212/month in 2018.
  • Lease expiration is 2024.

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

       2018       2017       2016
SALES    $1,013,363   $ 992,652   $ 911,399
SDE $     86,124   $   82,980   $ 102,665

 PRICE/FINANCING:

  • Asking price is $ 250,000 and includes $ 35,000 of inventory.

Agent Lou Bellanca

  • Office : 585-247-4750

Lou Bellanca has been with AMD Business Brokers since 2009, bringing over 20 years of…
Know More

Contact

Loading...
 

Similar Properties