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Specialty Foods Retailer

VA

Asking Price: $290,000

Gross Income: $700,000

Cash Flow: $150,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1977

Employees: 5

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Business Description

This company is a classic example of a long established, successful retail business and neighborhood icon. The shop has cultivated an extremely loyal customer base and it is well known to residents it's community. Despite the difficult retail environment of the past several years, the business has enjoyed steady, profitable growth and is now perfectly positioned to maintain its solid position as a leading specialty food retailer in the Richmond area.

Detailed Information

Facilities:
The shop is located in a well maintained strip mall. The lease for the premises is assignable. Total area of just under 1,100 square feet is divided between the shop floor and a fully equipped kitchen. It includes two fully refrigerated display cases and a new tile floor. A recently renovated working kitchen. There is a small office area, and a utility closet with restroom. Ample parking.
Competition:
Closest competition is over 7 miles away, conveniently located near middle/upper income neighborhoods, solid history and reputation. Solid, long standing reputation.
Growth & Expansion:
Because there is sufficient open floor space there are numerous possibilities for horizontal product expansion. High margin product growth possibilities.With its full off-premises ABC license there is a significant opportunity to expand the selections of wine and beer.
Support & Training:
Owners will train as needed.
Reason for Selling:
The owners wish to retire.
Contact Business Seller

Ad#: 1047428

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Barry Krauss

Business Listed By:
Barry Krauss

Activa Business Brokers

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