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Business Listed by

Sunbelt Richmond

Contact: Charles Broadwater, Jr.
Office Phone: 804-673-8044
Mobile Phone: (757) 570-5292
Listing ID: RICHMVA001-N1456

Newport News Grocery Store and Deli for Sale

Financial Information

  • Asking Price: $100,000
  • Gross Revenue: $325,000
  • Cash Flow: $48,000
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $5,000
  • Inventory: $20,000
  • Financing: No

Business Location

  • Newport News City
  • Newport News
  • Virginia
Primary Business Category: Grocery Stores

* The seller is able to make a comfortable living without the hassle of the ABC license and operates a minimal number of hours to limit the stress and his workload. Seller's son works the business with him and the son wants to be in the auto repair business instead, so dad is going to accommodate him and switch industries with him. * Deli - Convenience store serving urban low-income neighborhood community. Very high pedestrian traffic and high density support the sales. * Store revenues are 75% groceries and 25% deli and prepared food. Business has no ABC license. Lottery sales and commissions are not included in the revenue numbers. * Sale price includes the inventory valued at $20,000.


Competition Description


Growth / Expansion overview


Support / Training Comments

Seller will negotiate a transition period


Financing Comments

Seller will consider some financing for a qualified buyer


Reason For Sale
The Seller is entering a different industry with his Son.
  • Home Based: No
  • Year Established: 2002
  • Franchise: No
  • Year Acquired: 2011
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business, Health

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday-Sunday
  • Hours Open: 7am-10pm
  • Fulltime Employees: 2
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 1,200 sq ft
  • Parking: Good
  • Monthly Rent: $1,500

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