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.
Asking Price: $199,000 Gross Revenue: $1,700,000Cash Flow: $50,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $100,000 not included in asking priceFF&E: $150,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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