862972-CW Very Busy Grocery Store in Hopewell, VA

Hopewell, VA (Hopewell City County)

862972-CW Very Busy Grocery Store in Hopewell, VA
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Asking Price: Get Financing: $289,000

Cash Flow: $110,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $30,000

Inventory: $75,000*

Lease Rate: $4,800 /Month

Established: 2015

*not included in asking price.

862972-CW Very Busy Grocery Store in Hopewell, VA

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Business Description

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.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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. • 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. 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.
Growth & 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. Facilities 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.
Support & Training:
2 weeks
Reason for Selling:
relocating
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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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