86074-CW High Volume Super Market for Sale in Richmond VA!

Richmond, VA (Henrico County)

86074-CW High Volume Super Market for Sale in Richmond VA!
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Asking Price: Get Financing: $450,000

Cash Flow: $240,000

Gross Revenue: $1,640,000

EBITDA: N/A

FF&E: $88,000

Inventory: $175,000*

Lease Rate: $8,000 /Month

Established: 1980

*not included in asking price.

86074-CW High Volume Super Market for Sale in Richmond VA!

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Business Description

Profitable! Expandable! Established! Growth Potential!

Very popular super market with deli, fresh products and grocery. Almost one-of-a-kind with nearby residential walk-up and exposure to commuting traffic. Yet competition in the trade area is minimal. Founded in 1980, its proprietors have grown the store since its inception.

The business provides quick and convenient service with strong revenues.
The customer base comes from a growing commercial and residential community within the heart of Richmond.
With annual sales of $1,640,000+, this is a steal for only $450,000 + Inventory, with low rent set at only $8,000 per month.

• Grocery store with 35%-50% gross margin!
• Super Market, Deli,
• High Inside store sale
• Lotto commission
• ATM, income
• Current long-term lease.
• Landmark Business

It serves the entire purchasing population of its geographical area but focuses on customers who need to purchase items looking for snacks and related items. Therefore we have segmented our market into night shoppers, quick shoppers, and others. Growth rates for these three segments match the population growth for the surrounding area.

*Option to purchase Real Estate for additional $3,300,000 ($300K+ rental income yearly)!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This supermarket has a great frontage on very busy intersection. This great location is in a very busy shopping center in Richmond VA.
Competition:
Closest competitor one mile. While there is competition across the area, there is very little within the trade area. Also, the business' reputation for quality guarantees it a loyal clientele. This great business venture is conveniently located in a very densely populated area. Offering quick and convenient service with reasonable prices, make this a solid business with positive growth potential. With a big parking lot.
Growth & Expansion:
This great store will continue to grow ahead of the growth rate in its trade area. Once a new owner learns how to run the business, expansion into other areas/locations is possible. The business owner 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.
Support & Training:
2 weeks
Reason for Selling:
other business interests
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Cobus van der Watt

Business Listed By:
Cobus van der Watt

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad


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