Business For Sale

862972-CW Very Busy Grocery Store in Hopewell, VA

Hopewell, VA


Asking Price: Annual Revenue:
$349,000 $1,100,000

Food & Beverage: Grocery & Food Stores


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RE: 862972-CW Very Busy Grocery Store in Hopewell, VA Broker: Cobus Van Der Watt
Owner Financing is Available!
$169,000.00

Quick Facts

Asking Price: $349,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 2
BBN Listing #: 741043891
Broker Reference #: 9525-862972

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Business Overview:

The very clean supermarket has great frontage on very busy in a high density neighborhood. The customer base comes from a growing commercial and residential community within the heart of Hopewell, VA, with annual sales of 980,000+, this is a steal for only $349,000 + Inventory.

•Grocery store with 35%-60% gross margin!
•Plus Lotto commission
• ATM, check cashing, cell phone activation, money order, WU income
•current long-term lease.
•Landmark Signage on very busy road.

This store serves the entire population of its surrounding area, but focuses on customers looking for snacks and related items. Growth rates in customers match the population growth of the surrounding area.

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Property Features and Assets:

The business is conveniently located in a densely populated area. Offering quick and convenient service with reasonable prices, make this a solid business with positive growth potential. This great Super Market is conveniently located in a very densely community populated area. Offering quick and convenient service with reasonable prices, this is a solid business with positive growth potential. Long-term lease can be negotiated for estimated at $4,850 per month. Operating times: Mon to Sat: 8am to 8pm & Sun: 9am to 5pm, • 3 full time employees and 2* employees 25 hrs per week, • 1 cashier open am, 1 afternoon for closing – managers help when there’s a line forming.

Market Competition and Expansion:

The company can look into ways to set up a separate Internet area for remote access to the Web and email for its customers for potential growth.

Reason for Selling:

Relocating

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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