351 Southern BlvdAlbany, NY 12209

For Sale
$2,373,388

Profitable, established, multi-unit operation.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional opportunity presents the acquisition of three thriving Sonic Drive-In restaurants strategically located across the greater Albany, NY area. The portfolio includes established locations in Albany (351 Southern Blvd, 12209), Latham (701 Troy-Schenectady Rd, 12110), and Troy (120 Hoosick St, 12180). These Class A properties boast strong business fundamentals, evidenced by consistent growth since their openings in 2015 (Latham), 2017 (Troy), and 2020 (Albany). The portfolio benefits from prime locations with high traffic counts, ample parking, and synergistic retail neighbors, ensuring excellent visibility and accessibility. Each location offers significant potential for continued expansion and market share growth. The sale includes fully staffed and operational businesses, eliminating the challenges and costs associated with start-up. This represents a unique opportunity to acquire an established, profitable business with immediate revenue generation, avoiding typical start-up costs estimated at $1,714,500-$3,370,900 (excluding real estate) according to sonicfranchising.com. The well-known Sonic brand and its drive-in format provide immediate brand recognition and a loyal customer base. This turnkey operation is poised for continued success under new ownership. The asking price for this exceptional portfolio is $2,373,388.

Highlights

  • Established, profitable multi-unit Sonic Drive-In operation with proven growth trajectory since 2015.
  • Three strategically located Albany, NY area restaurants offering high traffic counts, ample parking, and strong visibility.
  • Immediate revenue generation; avoids significant start-up costs associated with new Sonic franchise development.
  • Strong brand recognition and established customer base provide a solid foundation for continued growth.

Property Details for 351 Southern Blvd

Property type
Investment properties, Other commercial real estate
Class
A
Units
3

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.6301621
Longitude
-73.7755031
351 Southern Blvd, Albany, New York

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351 Southern Blvd
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