Highly Profitable Neighborhood Supermarket, SBA Loan is Available

Petersburg, VA (Prince George County)

Highly Profitable Neighborhood Supermarket, SBA Loan is Available
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Asking Price: $690,000

Cash Flow: $340,000

Gross Revenue: $2,000,000



Inventory: $180,000*

Established: N/A

*not included in asking price.

Highly Profitable Neighborhood Supermarket, SBA Loan is Available

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Business Description

Highly Profitable Neighborhood Supermarket, SBA Loan is Available

This is a rare opportunity to acquire an exceptional business with fresh Meat department, Produce department, Beer & Wine and full range of other grocery items.
The store has been a fixture in the neighborhood for a very long time, and has been owned by the current owners for over 13 years. It has been a consistently-money- making store for years for the previous and current owners alike.

Almost no competition, and business has established solid reputation among the regular customers - 4+ stars on Google reviews, for, among others, providing plenty of fresh meat and produces at reasonable prices.

There is a separate building being rented to a carry out food business from which the owner collects $850,00/mo-it/s an additional annual income of $10,200.

All permits & licenses are up to date.

The business' financials (tax returns) are impeccable and SBA loan is available with 30% down including the inventory.

Inquiries ONLY from serious, ready & qualified prospective buyers, PLEASE !!!


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Detailed Information

Petersburg, VA
Not included in asking price
Located on a busy, through-city street with own parking lot. Over 9,000 sf, completely renovated in Dec 2009 due to a fire. All the FF&E & HVAC are in good clean condition. Cheap rent !!! Currently $4,600/mo & then 3% inc. each year. Business Hours: M-Sat, 8 am - 9 pm; Sun, 8 am - 7:30 pm
Hispanic population is growing in this neighborhood and stocking more of the appropriate selection of items will definitely increase the sales.
Growth & Expansion:
New owner(s) with energy and fresh ideas can do more lottery and other sales. Current owners are too busy and don't treat lottery customers as accommodating as they should. Other general merchandise will also do well in this neighborhood.
Support & Training:
2 weeks
Reason for Selling:
Health & Retirement
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(from currently available funds)
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simon so

Business Listed By:
Simon So


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