Drive-Thru Deli & Convenience Store, Selden
Selden, Suffolk County, NY
Key money$149,875
Photos & detailsExact location provided on inquiry.
About this opportunity
A drive-thru convenience store and dry deli that has been at the same location for many years and is well known in the area. Walk-in customers are welcome too. It is on busy Middle Country Road in Selden, with great exposure and more than enough parking in front and back. The lot is almost half an acre and the building is about 2,800 square feet, more space than the business needs today.
Store sales are about $1,200 or more a day, about $36,000 a month, supported by invoices; at 50% retained that leaves about $18,000 a month. Lotto sales are about $40,000 a month, earning about $2,400 a month at 6% commission. The self-owned ATM brings about $500 a month, conservatively, and HLA rebates are extra income. The seller puts the average net at a little over $7,000 a month after sales tax, as-is.
Rent is $4,995 a month including real estate taxes, on a 10-year lease with a possible 5-year option. Payroll with payroll tax is about $5,503 a month, insurance about $208, electric, water, phone/cable and gas about $1,447, and trash removal $50. The key money is $149,875; inventory is extra and will be counted.
Potential, not current results: the owner is absentee and disengaged, so lotto could grow with more scratch games. The space and parking suit a fresh "wet" deli with sandwiches or a franchise food business, and a sublease may be allowed. The seller estimates about $3,000 more a month from becoming a U-Haul drop-off and pick-up agent, which needs a one-page form and some parking spaces kept free in the back. Brokers are welcome to co-broke.
Highlights
- Drive-thru and walk-in, on busy Middle Country Road
- Store sales about $1,200+/day (about $36,000/mo)
- Lotto about $40,000/mo; self-owned ATM
- Rent $4,995/mo including taxes; 10-year lease + possible 5-year option
- Almost half an acre, 2,800 sq ft building, lots of parking
- Seller-stated net a little over $7,000/mo, as-is
- Room for a wet deli, franchise food or U-Haul agency
Financial details
- Key money
- $149,875
- Real estate
- Business only
- Inside sales
- $36,000/mo
- Monthly rent
- $4,995
- Lease
- 10 years + possible 5-year option
- Building
- 2,800 sq ft
- Lot size
- Almost half an acre
- Rent includes
- Real estate taxes
- Store sales
- About $1,200+/day, supported by invoices
- Lotto sales
- About $40,000/mo at 6% commission
- HLA rebates
- Additional income
- Inventory
- Extra, will be counted
- Seller-stated net
- A little over $7,000/mo after sales tax, as-is
- Potential (seller estimate)
- About $3,000/mo more as a U-Haul agent; wet deli or franchise food; possible sublease
| Item | Amount |
|---|---|
| Income | |
| Convenience storeAbout $36,000/mo sales × 50% retained | $18,000 |
| Lotto commission6% of about $40,000/mo sales | $2,400 |
| ATMSelf-owned; conservative | $500 |
| Total income | $20,900 |
| Expenses | |
| RentIncludes real estate taxes | $4,995 |
| Payroll & payroll tax | $5,503 |
| Insurance | $208 |
| UtilitiesElectric, water, phone/cable, gas | $1,447 |
| Trash removal | $50 |
| Total expenses | $12,203 |
| Net income | $8,697 |
Seller-stated net: a little over $7,000/mo after sales tax, as-is (sales tax is not listed as a line). HLA rebates are extra and not included.
Figures are provided by the seller and have not been independently verified. Buyers should perform their own due diligence.