Property ID : WSD24.254
For Sale $293,900.00 - Convenience Store
- 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
- 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
- The asking price is $ 293,900.
- 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.