Newport News Grocery & Deli for sale

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Asking Price:
$100,000

Gross Revenue:
$325,000
Cash Flow:
$48,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$5,000
included in asking price

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Business Description

* The seller is able to make a comfortable living without the hassle of the ABC license and operates a minimal number of hours to limit the stress and his workload. Seller’s son works the business with him and the son wants to be in the auto repair business instead, so dad is going to accommodate him and switch industries with him.

* Deli - Convenience store serving urban low-income neighborhood community. Very high pedestrian traffic and high density support the sales.

* Store revenues are 75% groceries and 25% deli and prepared food. Business has no ABC license. Lottery sales and commissions are not included in the revenue numbers.

* Sale price includes the inventory valued at $20,000.

About the Business

Year Established:
2002
Number of Employees:
2 FTE
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Amount/Mo.:
$1,500.00
Facilities:
1,200 sq. ft. leased space
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About the Sale

Reason For Selling:
New Business Opportunity
Training/Support:
Seller will negotiate a transition period
Seller Financing:
Seller will consider some financing for a qualified buyer

Listing Info

ID:
1425164
Ad Detail Views:
226

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Business Listed by

Charles Broadwater

Sunbelt Business Brokers / Broadstone Capital LLC.

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Memberships:

U.S. Census Data for Hampton city and Newport News 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 Hampton city and Newport News 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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