MergerPlace

Profitable Convenience Store/Gas Station

New York (Herkimer)


  • Asking Price: $300,000
  • Gross Income: $1,354,058
  • Cash Flow: Not Disclosed
  • Real Estate: $220,000
  • Inventory: $30,000
  • FF&E: $15,000
  • Listing ID: #206917
  • Established: 1978
  • Employees: 4 FT / 3 PT

Business Description

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.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New York
County: Herkimer

Company Information

Year Established: 1978
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 3 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $1,354,058
FF&E: $15,000
Inventory: $30,000
Real Estate: $220,000
Seller Financing Available: Yes

Property Information

Facilities:

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

Growth & expansion opportunities:

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.

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.

Reason for selling:

The seller wants to retire.

Support & Training:

The seller offers a minimum of 2 weeks of training to provide for a smooth transition.

Contact Business Seller

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Business Listed By:

Blair Sibley

Klassen Ingalls