Property Details

Suburban High-Margin Convenience Store - Monroe County

Property ID : WSD24.254

For Sale $249,900.00 - Convenience Store

DESCRIPTION:

  • A Convenience Store located on a high traffic road in a family-oriented suburb of the Rochester NY area.
  • Originally a 7-11 store.  A  convenience store has been operating at this location for over 42 years.
  • This store is very clean, well laid-out, and all the equipment is in very good working condition
  • This 3,000 sq. ft store has an ATM and Lottery Terminal
  • Lottery and ATM Commissions 1-1 thru 5-31-2019 were $ 16,750    Annualize $ 40,200
  • It has its own parking lot for up to 25 Vehicles
  • Open Mon. – Thur.   6 AM – 10 PM      Fri. – Sat. 6 AM – 11 PM       Sun. 7 AM – 10 PM
  • The store is staffed by four part time employees
  • The owner is relocating and is the reason for the sale

 ASSETS/FIXTURES/EQUIPMENT: (Included in the asking price)

  • $ 30,000 in Furniture, Fixtures and Equipment, valued at Fair Market Installed.
  • $ 45,000 in Inventory at cost

 LEASE/PURCHASE ARRANGEMENTS:

  • The current Lease expires on June 30, 2020.  There are several options to renew for the next 25 years
  • Base Rent is $ 2,411/month plus approximately $ 400/month in property taxes

REPORTED REVENUE AND SDE:

  • 1-1 thru 5-31-2019 reported Sales – $ 196,000              Annualize- $ 470,400
  • 1-1 thru 5-31-2019 reported SDE –   $   52,990              Annualize- $ 105,000

 PRICE/FINANCING:

  • The asking price is $ 249,900.

 COMMENTS:

  • An excellent turnkey operation for anyone experienced in operating a convenience store
  • Next door is an Urgent Care Practice which increases foot and vehicle traffic
  • Adding a deli, and/or ice cream counter should bring additional customers to this store.

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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