862972-CW Very Busy Grocery Store in Hopewell, VA

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Asking Price:
$289,000

Gross Revenue:
$1,100,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$85,000
included in asking price

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Business Description

The very clean supermarket has great frontage on very busy in a high density neighborhood. The customer base comes from a growing commercial and residential community within the heart of Hopewell, VA, with annual sales of 980,000+, this is a steal for only $349,000 + Inventory.

•Grocery store with 35%-60% gross margin!
•Plus Lotto commission
• ATM, check cashing, cell phone activation, money order, WU income
•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:
2015
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
5,500
Rent:
$26,400,000.00 Per Month
Facilities:
This great Super Market is conveniently located in a very densely community populated area.
Offering quick and convenient service with reasonable prices, this is a solid business with positive growth potential. Long-term lease can be negotiated for estimated at $4,850 per month.

Operating times: Mon to Sat: 8am to 8pm & Sun: 9am to 5pm,

• 3 full time employees and 2* employees 25 hrs per week,
• 1 cashier open am, 1 afternoon for closing – managers help when there’s a line forming.

• 3 full time employees and 2* employees 25 hrs per week,
• 1 cashier open am, 1 afternoon for closing – managers help when there’s a line forming.

The business is conveniently located in a densely populated area. Offering quick and convenient service with reasonable prices, make this a solid business with positive growth potential.
Growth & Expansion:
The company 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. Facilities This great Super Market is conveniently located in a very densely community populated area.
Offering quick and convenient service with reasonable prices, this is a solid business with positive growth potential. Long-term lease can be negotiated for estimated at $4,850 per month.
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About the Sale

Reason For Selling:
relocating
Training/Support:
2 weeks

Listing Info

ID:
1481590
Ad Detail Views:
1701

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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 Hopewell city 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 Hopewell city County, 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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