352077-RP Ethnic Grocery and Halal Meat store

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Business Description

This is great opportunity to own one of the most successful ethnic supermarkets in Glen Allen, Virginia. This 6100 sqft free-standing building, sitting on major street with very heavy traffic. It has a huge parking for employees and customers
This supermarket is in a good neighborhood and loyal customers. They have good selection of grocery, meat, bakery and very successful Halal meat section.
• The store operates on a long-term lease.
• The present owner is willing to train the new owner.
• The annual revenue is $1.7 Million and growing year over year!
• The monthly rent is 8,000 for this prime location!
• Currently they have 5 full time and 4 part time employees.
• It operates 10 am- 9 pm, 7 days a week.
• current long-term lease.
• Landmark Signage on very busy road.
This store serves the entire population of its surrounding area, but focuses on customers looking for snacks and related items. Growth rates in customers match the population growth of the surrounding area.

About the Business

Year Established:
2013
Real Estate:
Leased
Building Sq. Ft.:
6,100
Rent:
$8,252.00 Per Month
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About the Sale

Reason For Selling:
retiring
Training/Support:
4 weeks
Seller Financing:
100000.00

Listing Info

ID:
1574268
Ad Detail Views:
0
Asking Price:
$199,000

Gross Revenue:
$1,700,000
Cash Flow:
$50,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$100,000
not included in asking price

FF&E:
$150,000
included in asking price

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Business Listed by

Raj Prasad

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:

Transworld Business Advisors CEO, Rupesh Bharad
Transworld Business Advisors of Richmond VA

U.S. Census Data for Henrico County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Henrico County, VA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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