Property Details

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 2023:  $153,904
Sales reported for Jan. – May 2024 $60,227

 PRICE/FINANCING:

• Asking price is $70,000, and seller will finance with $40,000-$50,000 down
• Financing available up to 5 years at a low interest rate of 3%

 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.