977509 RB-Profitable Convenience Store in Norfolk VA

Norfolk, VA (Norfolk City County)

977509 RB-Profitable Convenience Store in Norfolk VA
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Asking Price: Get Financing: $119,000

Cash Flow: $60,000

Gross Revenue: $265,861

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Lease Rate: $1,821 /Month

Established: 1990

977509 RB-Profitable Convenience Store in Norfolk VA

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Business Description

Profitable! Expandable! Established! Growth Potential!

This business offers Convenience Store with single serving beer, it’s just sold at this location and not around in any gas station or store. So we have more than 50% income through this sale. This is a small retail business that stocks a range of everyday items such as groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, hot and cold snacks, a limited number of grocery items such as canned soups, microwaveable meals, condiments, bread, auto products such as fuel additives and cleaning supplies, pet supplies, paper products, toothpaste, etc. This convenience store offers hours of service on Mon to Sat 8AM–8PM and Sun 8AM-6PM.
Sale Price does not include inventory. Approx. $30,000

Detailed Information

Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in and around Fairmount Park / Willard Park which is an urban neighborhood (based on population density) located in Norfolk, Virginia. The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels. Culture is the shared learned behavior of peoples. • Convenience Store: Fairly well stocked. • Rent: $1,821.00 • SqFt: 2,500 • Lease Expiration: Dec 2021 • Renew: Option to Renew The C-store items are well stocked inside the store. It has adequate coolers for soft drinks and a lottery machine with cash register.
Competition:
Only this business offers single serving beer it’s just sold at this location and not around in any gas station or store. Which covers a huge percentage of their profit.
Growth & Expansion:
Extended hours and addition of food items.
Support & Training:
4 weeks
Reason for Selling:
other 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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