Property Details

Suburban Convenience Store - Monroe County

Property ID : WSD24.254

For Sale $214,900.00 - 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 11-30-2019 Sales – $ 449,000 Annualize- $ 489,818
• 1-1 thru 11-30-2019 SDE – $ 79,360 Annualize- $ 86,575

PRICE/FINANCING:
• The Asking price is $ 214,900.

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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