MergerPlace

Convenience Store Food Mart

Virginia (Newport News City)


  • Asking Price: $39,000
  • Gross Income: $206,964
  • Cash Flow: $41,933
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #200593
  • Established: 2007
  • Employees:

Business Description

Well established neighborhood Convenience Store/grocery store/ sandwich and pizza shop. Business has a history of strong sales and consistent profitability. With tobacco, wine and beer, lottery and food licenses in place, as well as being in a desirable, high traffic location this variety store has extremely high potential. New buyer may be able to qualify for EBT, which could increase revenue. The possibilities for this institution which is located within walking distance of 2 large apartment complexes is very very high.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
County: Newport News City

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $39,000
Gross Revenue: $206,964
Cash Flow: $41,933
Seller Financing Available: No

Property Information

Facilities:

Well Established business. Facilities are nice. New walk in cooler, large food prep area and new Air Conditioning Unit.

Growth & expansion opportunities:

Potential for this convenience store/deli are very good. The deli part of the store does not get used to the full potential. With the location and multiple apartment buildings within walking distance, revenue for this business could be considerably higher.

Reason for selling:

Owner ready to retire.

Support & Training:

Will train for 1 week @ no cost. Beer and Wine license, Tobacco License, Lottery sales, food license.

Contact Business Seller

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Business Listed By:

Brock Green

Murphy Business Brokers