C-Store & Restaurant with Land
Location: Virginia > Chesterfield County > Richmond
Industry: Retail Stores > Convenience Stores
Financials
Asking Price: $325,000
Gross Revenue: $125,000
Gross Revenue Comments: restaurant revenues are not included
Cash Flow: $40,000
Cash Flow Comments: restaurant cash flow not included
FF&E: $64,000 (Included in Asking Price)
Real Estate: $230,000 (Included in Asking Price)
Business Summary
Local Convenience Store with separate Take-Out restaurant on busy traffic artery in Richmond - Petersburg Area. LAND INCLUDED!! Stopw working for the landlord. Convenience store is a local center of activity with loyal customers, strong lottery and product sales. Inside has complete hood and deli area. Take-Out restaurant totally rebuilt 2 years ago with new equipment. Rent out restaurant or operate for larger profits. Renters currently lined up for restaurant if new owner Does not want to operate. Add $$$ to annual cash flow if you choose to rent. This site is well known and was reviewed in Richmond food reviews.
About the Business
Year Established: 1998
Facilities: Large upside due to business price includes land, buildings, and businesses on major main street in key traffic area! Current owner has several renters lined up if you chose not to run the restaurant. Room to expand convenience store or add additonal revenue by adding gas pumps or car wash.
Market Outlook and Competition: Surrounding area is going under major renovations which will appreciate he value of the property alone especially with Fort Lee expansions. When all is said and done, the area will see an 80 percent increase in staff, permanent soldiers will increase by 51 percent, civilian staff will increase by 56 percent and soldiers in training coming through Fort Lee will increase by 90 percent from current levels. Basically you will see large increases in business traffic, increases in land and business values, and a huge opportunity to grow with this business and property. Seller is selling business due to serious illness in family and must relocate. Large upside due to business price includes land, buildings, and businesses on major main street in key traffic area!
About the Sale
Management Training and Support: Seller will provide trainging to new owner, business an established member of the local community and desires it to remain same for his customers.
Reason For Selling: Owner requires relocation due to serious illness in family.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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