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Asking Price:	$90,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Conv & Food Stores
Reason for Selling:	Owner is retiring.
Year Established:	1983

Business for Sale Overview:

This urban grocery and convenience store has served this area for 25 years. Has grocery, alcohol, and lottery as well as a full retail area of DVDs, cosmetics, and other area specific merchandise. Sales of phone cards and prepaid phones has recently been added with success. The store is a fixture in the community due to its number of years in business and the relationship it has with its customers. Has an ABC off premise license to sell that allows alcohol to be sold until Midnight, one of a few in the whole area. This gives significant advantage over other area stores. Owner is willing to finance up to 40% for a qualified buyer.

Property Features and Assets:

Free standing two story building in a developed urban neighborhood. Store is located downstairs and rentable office and storage space is available. Owner is willing to sell building, appraised at $275,000, to new owner if interested but also willing to rent.

Market Competition and Expansion:

This business is the only business of its type in this area. Continues to grow services to meet the needs of its customers. The business recently added Western Union with bill pay and money orders that has increased business. The business has the ability to expand due to size of building or new owner can purchase building and make additional revenue from tenant rents. Additionally Petersburg is undergoing a a multi billion dollar improvement campaign due to the Fort Lee expansion. Ground floor opportunity.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.