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Medium Sized Grocery Specialty Foods Market
Location Virginia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2500000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1974
Number of Employees 10 - 19
Inventory 475000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale In description.
Description This is a medium sized grocery store for sale located in a niche market. It is approximately 15,000 square feet. it has a incredibly unique location as it is the only commercial area in highly suburban area outlying Charlottesville Virginia. It is unique in that competition is limited and most of the customers base median income is greater that $70K per year. The store acts as a full service grocery store but also has many specialty features in the natural and organic products as well as an integrated coffee bar and sandwich bar within the facility. We have an incredibly consistent daily traffic count of customers and very consistent sales figures irregardless of trends due to the unique geographic features of the stores location.
It is a perfect owner operator opportunity as the income potential for the store as an owner operator is very high. Presently the store is run by employee management with oversight by the corporation that owns the store. The corporation also owns other retail outlets not in the food business and has decide to pursue them with further expansion and liquidate this asset. The clear potential for an owner operator is roughly $100k per year in total profits. The current asking price is the depreciated equipment value, current inventory and roughly 175,000 in goodwill. The current ownership is offering training and support throughout the transition period. There are also financing option available through the current corporation for qualified candidates. The business also comes with a very favorable long term lease with buyout clause protection and rights to refusal on the property itself. Interested parties should email or call Mr. Blanthorn at 434-962-7664.
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