High Volume Grocery Store And Strip Mall
Maysville, KY Mason County
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- RE: High Volume Grocery Store And Strip Mall
- Contact: Kavita Purohit
Quick Facts
| Asking Price: | $449,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | $420,000 | |
| Cash Flow: | $1,680,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 9 | |
| BBN Listing #: | 999850 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Grocery Store Sales are currently averaging $140,000 per month at high margins, and Summer Sales reach over $175,000 per month!
Two Additional Tenants on the Property: a liquor store and retail store!
The store currently does not sell beer, presenting a significant opportunity to substantially increase sales by adding beer sales.
Liquor store operates on a month-to-month lease at a rental rate of $600 per month! Huge opportunity to buy out the liquor store tenant and run the liquor store yourself!
Retail store pays a rental rate of $2,800 per month with 3 years remaining on the lease and a renewal rental increase of 10% to $3,080 per month thereafter!
Grocery store payroll is $8,000 per month with 9 total employees; 3 full-time and 6 part-time.
Net Profit is over $45,000 per month after all expenses! If you purchase the grocery store business-only then the Net Profit is over $35,000 per month after a rent of $6,200 NNN per month and all other expenses!
Store Information:
One of the current seller’s partners successfully obtained an E2 visa by purchasing this business. Sellers are willing to sign a contract with an E2 visa contingency!
Grocery store does not have a beer/wine license! Huge opportunity for the Buyer to add beer/wine and generate more sales!
The store is open only 12 hours a day Mon-Sat and only 9 hours on Sun. Easily manageable by one family!
Geographic & Demographic Details:
Median household income is $47k!
Nearby restaurant like M's Eatery, El Caminante Mexican Restaurant, Babz Bistro, Chelsea's Pandemonium Restaurant & Bar, Lee's Famous Recipe Chicken, Ortegas Mexican restaurant and buffet.
Nearby hotels like Days Inn by Wyndham, Moon River Bed & Breakfast, Sapps Motel, Beverly Hills Inn, and Brown's Motel.
Nearby colleges and high schools like Maysville Community & Technical College and Mason County High School collectively serving approximately 5,500 students and faculty!
Several city projects are set to begin this Spring and Summer!
1 hour from Cincinnati, OH! 1h 20 min from Lexington, KY!
Asking Price for the Grocery Store Business and Property: $2.75M plus inventory! Lease Purchase for the Property is available for the right down payment and buyer!
Asking Price for the Grocery Store Business Only $449,000 plus inventory! Rent will be $6,200 NNN with a 15-year lease available to the Buyer!
Grocery store inventory is guesstimated to be $150,000 at cost.Â
Contact the Seller:
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Property Features and Assets:
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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