Retail Grocery Store for Sale – Norfolk
Retail Grocery Store for Sale – Norfolk
Neighborhood grocery store with steady daily traffic and strong supplier network.
Key Business Facts
Location:
Norfolk, Virginia
Category / Subcategory:
Retail Stores » Grocery Stores and Supermarkets
Business Overview
Operating since 2017 offering groceries, fresh produce, and essential household items.
Photo Gallery
Growth & Expansion Potential
Add delivery services
Operations & Support
Facility Details:
Retail space with refrigeration & storage
Competitive Landscape:
Moderate Competition
Support & Training Provided:
2 months included
Seller & Financing Information
Reason for Selling:
Personal reasons
Financing Details:
Owner financing negotiable
City Demographics & Business Outlook in Norfolk
The Norfolk market continues to be a growing destination for entrepreneurs, investors, and franchise operators seeking new opportunities.
Population: 215,000
GDP: $24,500
Median Age: 34.0
Population Growth Rate: 2.30%
Major Industries: Aerospace, Defense, Engineering, Biotechnology, Manufacturing
Entrepreneurship Rate: 8.50%
Number of SMEs: 8,500
Number of Franchises: 350
Key Financials
- Cash Flow: USD$22,000
- Gross Revenue: USD$135,000
- EBITDA: USD$19,000
- Inventory: USD$60,000
- Monthly Rent: USD$6,200
Business Facts
- Category: Retail Stores » Grocery Stores and Supermarkets
- Established: 2017
- Employees: 7
- Is Franchise: No
- Home Based: No
Property & Assets
- Real Estate: 120,000
- Building SQFT: 3,100
- Lease Expires: May 2033
- FF&E Included: Yes
- Fee & Equipment: 120,000
