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RE:  Ethnic Deli And Food Market In Richmond, Virginia Contact:  Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,300,000
Net Profit: $150,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 441348609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer an ethnic deli and food market for sale in Richmond, Virginia. The shop sells a wide variety of popular ethnic foods and baked goods. It has a very loyal following in the community. Revenues remained strong during the pandemic.

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Property Features and Assets:

Location is owned by the seller. They wish to lease the location to the buyer. rent will be $4,500 per month.

Market Competition and Expansion:

The U.S. is the largest bakery product manufacturer in the world. Bakery market revenue is estimated at $30 billion per year. Average consumption of bakery products by Americans is about 25.4 kg per capita. The US bakery industry includes about 2,800 commercial bakeries with combined annual revenue of about $30 billion, along with about 6,000 retail bakeries with combined annual revenue of about $3 billion. The retail side of the industry is highly fragmented: the 50 largest companies generate about 15 percent of revenue, and the typical company operates just one facility. Demand is driven by consumer preferences and by the extent to which grocery stores choose to operate their own bakeries rather than buy from commercial bakeries. Profitability for individual companies is determined by efficiency of operations. Large companies have scale advantages in procurement, production, and distribution. Small companies can compete by offering specialty goods or superior local distribution services. Retail bakeries are labor-intensive: average annual revenue per worker is about $45,000.

Reason for Selling:

Owner wishes to retire.

Additional Details:

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

Relevant Links:

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