2315 Simcoe St Lafayette, LA 70501

Property Details for 2315 Simcoe St

Year built

2020

Lot size

0.30 lot acres

Property size

2,000 SF

Property type

Commercial real estate

Description

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.