Profitable Convenience Store/GasStation/Restaurant

Not Disclosed, NY
Herkimer County

North of Utica, New York


Asking Price: Annual Revenue:
$300,000 $1,354,058

Food & Beverage: Convenience Stores


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RE: Profitable Convenience Store/GasStation/Restaurant Broker: Blair Sibley
Owner Financing is Available!
Negotiable.

Quick Facts

Asking Price: $300,000
Annual Revenue: $1,354,058
Net Profit: $108,450
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: $220,000
Year Established: 1978
Employees: 7
BBN Listing #: 100540071
Broker Reference #: 3613

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Business Overview:

The convenience store is a 5,229 sq. ft. store that stocks a range of everyday items such as groceries, toiletries, alcoholic and soft drinks, tobacco products, newspapers, lottery tickets and gasoline and diesel. The Country Store is a supplement to larger supermarkets, the closest of which is over 5 miles away. The Country Store provides customers with hot and cold food to eat in or take out. This is a turnkey business ready for the next owner. Note selling price doesn’t include store inventory on hand at closing. Fuel inventory is on consignment.

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Property Features and Assets:

5,229 square feet building located on well-traveled road to Adirondacks. Includes a 2-bedroom apartment on premises.

Market Competition and Expansion:

Competition: The convenience store is situated on a busy State Road giving it tremendous exposure and sees robust traffic heading to the Adirondacks for Summer & Winter recreational activities. The customer base is a combination of neighborhood residents, and customers from outside the area who return because of the fast, friendly service. Growth & Expansion: Expanding the dine-in/take-out menu could provide additional revenues. This is also a good opportunity for a larger operator who can benefit from the additional fuel volume and/or wants to establish a foothold in an additional geographic location.

Reason for Selling:

The seller wants to retire.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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