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86074-CW High Volume Super Market for Sale in Richmond VA!

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Richmond, Virginia (Henrico Co.)   |  Businesses for Sale Between $250k and $500k

Asking Price:
$450,000

Gross Revenue:
$1,640,000
Cash Flow:
$240,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$175,000
not included in asking price

FF&E:
$88,000
included in asking price

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Business Description

Very popular super market with deli, fresh products and grocery. Almost one-of-a-kind with nearby residential walk-up and exposure to commuting traffic. Yet competition in the trade area is minimal. Founded in 1980, its proprietors have grown the store since its inception.

The business provides quick and convenient service with strong revenues.
The customer base comes from a growing commercial and residential community within the heart of Richmond.
With annual sales of $1,640,000+, this is a steal for only $450,000 + Inventory, with low rent set at only $8,000 per month.

• Grocery store with 35%-50% gross margin!
• Super Market, Deli,
• High Inside store sale
• Lotto commission
• ATM, income
• Current long-term lease.
• Landmark Business

It serves the entire purchasing population of its geographical area but focuses on customers who need to purchase items looking for snacks and related items. Therefore we have segmented our market into night shoppers, quick shoppers, and others. Growth rates for these three segments match the population growth for the surrounding area.

*Option to purchase Real Estate for additional $3,300,000 ($300K+ rental income yearly)!

About the Business

Year Established:
1980
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
7,500
Lease Amount/Mo.:
$8,000.00
Facilities:
This supermarket has a great frontage on very busy intersection.
This great location is in a very busy shopping center in Richmond VA.
Market Outlook/
Competition:
Closest competitor one mile. While there is competition across the area, there is very little within the trade area. Also, the business' reputation for quality guarantees it a loyal clientele.

This great business venture is conveniently located in a very densely populated area.
Offering quick and convenient service with reasonable prices, make this a solid business with positive growth potential. With a big parking lot.
Growth & Expansion:
This great store will continue to grow ahead of the growth rate in its trade area. Once a new owner learns how to run the business, expansion into other areas/locations is possible.

The business owner can look into ways to set up a separate Internet area for remote access to the Web and email for its customers for potential growth.
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About the Sale

Reason For Selling:
other business interests
Training/Support:
2 weeks

Listing Info

ID:
1423442
Ad Detail Views:
94

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Business Listed by

Cobus van der Watt

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 Chesterfield, Fairfax, Henrico and Richmond city Counties, 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 Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
Income

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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