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Medium Sized Grocery Specialty Foods Market
Location: United States -> Virginia -> Charlottesville
Industry: Food and Beverage > Grocery and Supermarkets




Business Summary

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.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $2,500,000
Cash Flow:   $100,000
Cash Flow Type:  EBITDA
Inventory:  $475,000
Seller Financing:  Yes

About The Business

Year Established:  1974
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  In description.




Print Listing Id: 70090894
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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