Fort Orange General Store
412
Broadway
Fort Orange General Store has been a fixture of Downtown Albany since its opening in 2017 and has grown to become a premier, year-round shopping destination. Thousands of customers shop a wide selection of unique, high-quality, and locally made products annually, both in-store and online.
The store achieved profitability in 2018 and has seen, on average, a 30% increase in sales year-over-year. It has proven to be a successful endeavor financially and from a community and business development standpoint. It has challenged the assumptions and shown that there is a demand for boutique retail through a growing, loyal customer base and maintaining a strong brand and media presence.
The store is open 7 days a week. Established management and staff are all part-time employees. The seller participates in the financial obligations of the business, only, as management oversees the store's daily operation. As such, this is an excellent opportunity for a buyer with a full-time job, other business/es, or other personal obligations as the time commitment is relatively low.
Click here to view the commercial MLS listing.
Property Information
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Established: 2017 at current location
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Location: 412 Broadway, Albany NY
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Gross Revenue: $369,000 (2023)
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Inventory: $80,000
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Rent: $2,171/month
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Lease Expires: May 2027
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Sq Ft: 2,000
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Asking Price: $160,000
TO REQUEST MORE INFORMATION PLEASE CONTACT:
Jesse Tranvaag
Berkshire Hathaway | Blake Realtors
[email protected]