High Volume Grocery Store and Strip Mall in Maysville, KY!
Business Description
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.
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.
About the Business
- Facilities & Assets
- 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! - Website
- https://riverbrokers.com/
- Market Outlook / Competition
- 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. - Opportunities for Growth
- Nearby colleges and high schools like Maysville Community & Technical College and Mason County High School collectively serving approximately 5,500 students and faculty!
Real Estate
- Owned or Leased
- Leased
- Rent
- $6,200.00 per month
Listing Info
- ID
- 2423867
- Listing Views
- 15
Business Location
Listing ID: 2423867 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleKentucky Businesses for SaleKentucky Food & Beverage Businesses for SaleKentucky Grocery & Supermarkets Businesses for Sale
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