MergerPlace

Turnkey Local Grocery Store

Virginia


  • Asking Price: $299,000
  • Gross Income: $918,937
  • Cash Flow: $128,334
  • Real Estate: Not Disclosed
  • Inventory: $31,135
  • FF&E: $38,120
  • Listing ID: #225121
  • Established: 2012
  • Employees: 2 FT / 6 PT

Business Description

In an age of mega super-markets and mass-produced foods, this small green grocer has tapped into the growing demand for locally-sourced, healthy food in a convenient, upscale setting. This neighborhood grocery provides fresh, local produce, baked goods, and humanely-raised meats, as well as a unique variety of kitchenwares.

The COVID 19 pandemic has caused consumers to reconsider the way they shop, and this small, local store has thrived, growing sales by 48% in 2020! With a focus on health and education, this grocer has become an intimate part of the community. This is a rare turnkey opportunity to own a true neighborhood business that supports other local producers!


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 6 PT

Financial Information

Asking Price: $299,000
Gross Revenue: $918,937
Cash Flow: $128,334
FF&E: $38,120
Inventory: $31,135
Seller Financing Available: No

Property Information

Facilities:

1600 SF store located in an attractive strip center in an upscale, historic Richmond neighborhood. Landlord will negotiate a long-term triple-net lease.

Growth & expansion opportunities:

Expanding the current store to include a deli counter with grab-and-go prepared food and smoothies would be a huge draw to the store. Additionally, there is opportunity to open other stores in similar high-density, walkable neighborhoods around Richmond.

Competition:

Amidst the sea of huge upscale supermarkets in the Richmond area, a number of smaller local-focused stores have popped up. This store caters to upscale consumers concerned about the environment and local businesses, and is well-positioned to satisfy that demand in the local neighborhood.

Reason for selling:

Owner is pursuing other interests.

Support & Training:

Will train for 2 weeks @ no cost Business license.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers