For Sale
$400,000

2315 Simcoe St Lafayette, LA 70501

High-Sales, Established Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional opportunity presents a thriving convenience store located at 2315 E Simcoe St, Lafayette, LA 70501. The property, built in 2020 and renovated in 2021, boasts 2,622 square feet on a 0.295-acre lot with Commercial zoning. The single-story building offers a turnkey operation with significant revenue potential. Monthly sales consistently range from $55,000 to $75,000 (excluding lottery sales), with strong EBT sales averaging $6,000-$7,000 monthly and impressive annual credit card sales exceeding $500,000. Multiple income streams are generated through ATM fees, cigarette rebates, and other commissions, further enhancing profitability. The business also benefits from a liquor and beer license. Operating expenses are manageable, with utilities averaging approximately $1,100 per month and payroll for three employees totaling around $8,000 per month. This established business is available for purchase at $700,000, inclusive of inventory, or via a lease option at $3,000 per month. The property's strong performance and diverse income streams make it an attractive investment opportunity. The business is currently staffed with two employees and a stocker. The asking price for the business and building is $700,000, which includes inventory. Alternatively, a lease option is available for $3,000 per month. The business only is available for $400,000 plus inventory.

Highlights

  • Lease Option Available: $3,000/month or purchase for $700,000, including inventory.
  • 2,622 SF convenience store generating $55,000 - $75,000 in monthly sales (excluding lottery).
  • Multiple income streams including ATM, cigarette rebates, commissions, and lottery potential.
  • Strong EBT sales averaging $6,000 - $7,000/month and $500,000 in annual credit card sales.
  • Liquor and beer sales permitted with existing license.
  • Low operating expenses: approximately $1,100/month for utilities and $8,000/month for payroll.

Property Details for 2315 Simcoe St

Property type
Commercial real estate
Square Feet
2,000 SF
Class
B
Year Built/Renovated
2020/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
12,850 SF
Units
1

Location Insight

City
Lafayette
County
Lafayette Parish
State
Louisiana
Latitude
30.2254994
Longitude
-91.9935437

FAQs

What type of property is this?
Commercial real estate - High-Sales, Established Convenience Store
Where is the commercial real estate located?
The property is located at 2315 Simcoe St Lafayette, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Lease Option Available: $3,000/month or purchase for $700,000, including inventory.; 2,622 SF convenience store generating $55,000 - $75,000 in monthly sales (excluding lottery).; Multiple income streams including ATM, cigarette rebates, commissions, and lottery potential.
How can I contact the broker?
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2315 Simcoe St
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