Business For Sale

Grocery Store - FREE

Virginia Beach, VA
Virginia Beach City County

Indian River Rd. at Kempsville Rd.


Asking Price: Annual Revenue:
$1,000 $15,000,000

Food & Beverage: Grocery & Food Stores


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RE: Grocery Store - FREE Broker: Seller of Business

Quick Facts

Asking Price: $1,000
Annual Revenue: $15,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $2,500,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: Not Disclosed
BBN Listing #: 548956997
Broker Reference #: Not Disclosed

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Business Overview:

Grocery Store 40,848 sq. ft.
Fully Fixtured (just stock, staff & start selling)
101,000 Vehicles p/day Farm Fresh from 1986-2018
Free just pay building rent $9.00 psf
1385 Fordham Drive, Virginia Beach, VA 23464
BROKERS PROTECTED

50 acre multiple building location. Grocer can join 5 screen cinema (Cinema Cafe), Outback Steakhouse, Panera, Rainbow Fashions, Dollar Tree, Pet Supplies Plus, Starbucks, IHOP, Pizza Hut, Taco Bell, KFC, Mattress Firm, Jimmy John's, banks, restaurants, over 80 shops and businesses.

2nd busiest intersection in this city, the largest city in the state of Virginia. Powerful location of
Indian River Rd. (65k VPD) and Kempsville Road. (36k VPD) 1 mile from I-64 interchange between Greenbriar exit & I-264.

For more pictures & demographics go to:

https://www.loopnet.com/Listing/1205-Fordham-Dr-Virginia-Beach-VA/12636728/


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Property Features and Assets:

Huge 300,000 sq. ft. shopping center. Newly renovated buildings. Great national operators present. Traffic count 101,000 vehicles per day. 300,000 people within 5 miles.

Market Competition and Expansion:

This submarket has the attention of all the national players of this region. You can fill the void left by Supervalu's Farm Fresh brand.

Reason for Selling:

Farm Fresh vacataed 17 stores in 2018

Additional Details:

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

Documents:

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