Business For Sale

Food & Beverage: Convenience Stores


Newport News Grocery Store and Deli for Sale

Newport News, VA

Asking Price: Annual Revenue:
$100,000 $325,000

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RE: Newport News Grocery Store and Deli for Sale Broker: Charles Broadwater, Jr. Sunbelt - Richmond

Quick Facts

Asking Price: $100,000
Annual Revenue: $325,000
Net Profit: Not Disclosed
Cash Flow: $48,000
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 2
Listing Number: 449138944

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Business Overview:

* 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.

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Reason for Selling:

The Seller is entering a different industry with his Son.

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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