Property ID : LB22.230
For Sale $250,000.00 - Convenience Store
- 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.
- Triple Net rent averaged $ 4,212/month in 2018.
- Lease expiration is 2024.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
|SALES||$1,013,363||$ 992,652||$ 911,399|
|SDE||$ 86,124||$ 82,980||$ 102,665|
- Asking price is $ 250,000 and includes $ 35,000 of inventory.