Grocery Market and Food Service Qualify for SBA Lo


Coolpeper, Virginia
Listing Number: 1102






Asking Price: 550000
Industry: Grocery Market and Food Service Qualify for SBA Lo
Reason for Selling: Other Interest
Year Established: 2001
Yearly Revenues: 1,500.000
Yearly Net Profit: 300,000



Overview:
Grocery Market and Food Service Qualify for SBA Loan!! International Grocery Market, Monee send, Check Cashing and Restaurant providing Hispanic dishes. Bakery, deli, meats, produce and groceries from around the world. The widest variety of farm fresh produce. The produce department is stocked with traditional items as well as hard to find regional, ethnic, and exotic produce that are not available in a traditional grocery market. Tastiest and freshest meats, fruits and vegetables available at a fraction of competitors' prices. Food service includes on site restaurant as well a catering. On-site seating for up to 20 with license for outside seating for 20. Money Gram, Check Cashing, Beer and Wine Located in a large strip center with almost 18,000 square feet of space. Great long-term lease with multiple options to renew. Margins unheard of in the grocery business. Very little competition near by. Customers come from a wide geographical area. Current revenue is approximately $1,500,000 per Year and is growing steadily. Net to owner should be over $300,000. This business could qualify for a EB5 visa. Property Features and Assets: Established 2001 in a renovated 4,000 square feet space in a large strip center. Owner has another business opportunity in the wholesale food industry and wants to sell this great retail business. Market Competition and Expansion: Very little competition in the area and margins much higher than traditional grocery markets. Potential Growth Business is expanding monthly and should be able to generate over $100,00,000 per month in revenue in a very short time.

Property Features and Assets:
Qualify for sba with $100 down



Additional Details:
  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise opportunity.
  • This is not a distressed business or bankruptcy situation.