Business For Sale

977509 RB-Profitable Convenience Store in Norfolk

Norfolk, VA


Asking Price: Annual Revenue:
$119,000 $2,651,861

Food & Beverage: Convenience Stores


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RE: 977509 RB-Profitable Convenience Store in Norfolk Broker: Rupesh Bharad

Quick Facts

Asking Price: $119,000
Annual Revenue: $2,651,861
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 1
BBN Listing #: 695643891
Broker Reference #: 9525-977509

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Business Overview:

This business offers Convenience Store with single serving beer, it’s just sold at this location and not around in any gas station or store. So we have more than 50% income through this sale. This is a small retail business that stocks a range of everyday items such as groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, hot and cold snacks, a limited number of grocery items such as canned soups, microwaveable meals, condiments, bread, auto products such as fuel additives and cleaning supplies, pet supplies, paper products, toothpaste, etc. This convenience store offers hours of service on Monday to Saturday 8AM–8PM and Sun 8AM-6PM.
Sale Price does not include inventory. Approximately $30,000

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Property Features and Assets:

The business is located in and around Fairmount Park / Willard Park which is an urban neighborhood (based on population density) located in Norfolk, Virginia. The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels. Culture is the shared learned behavior of peoples. • Convenience Store: Fairly well stocked. • Rent: $1,821.00 • Square Feet: 2,500 • Lease Expiration: Dec 2021 • Renew: Option to Renew The Convenience-store items are well stocked inside the store. It has adequate coolers for soft drinks and a lottery machine with cash register.

Market Competition and Expansion:

Extended hours and addition of food items. Only this business offers single serving beer it’s just sold at this location and not around in any gas station or store. Which covers a huge percentage of their profit.

Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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