IGA Supermarket For Sale Cincinnati Ohio

948

FULL LINE SUPERMARKET
Outside the Cincinnati I-275 Belt Way
and / or
48,300 s.f. Shopping Center on 4.5 acres


The business offered for sale is a 29,000 sq; ft. supermarket with parking for over 250 cars.  The orig-inal and current owner built the grocery store off a heavily traveled highway with great visibility and access.  The closest full grocery is almost ten miles away.

In the past five years the store has been totally renovated at a cost of $700,000.  Since the remodeling, the business is doing over $4,000,000 in sales and is consistently profitable.

A long term lease is available.

PURCHASE PRICE BUSINESS

The business is offered at $695,000  REDUCED TO $295,000 FIRM plus inventory, free and clear of debt.  All operating assets and licenses (C-1, C-2, D-6) are included.

PURCHASE PRICE SHOPPING CENTER

The shopping center real estate (48,300 sf, containing the supermarket and six other tenants) is also available at $4,295,000 with an NOI of $478,000.  The real estate was appraised in 2016 for $4,325,000.  

The business and the real estate are available individually or together.

Supermarket does $4,000,000 in sales. Cash flow $150,000+

Shopping Center that it is in is also available. Rents collected $560,000; net $478,000.  .

Facilities:

Store was remodeled in 2011 for $700,000.

Competition:

Very limited - 8 to 10 miles away

Growth Potential:

Adding a hardware section.

Training/Support:

As needed

Sale Reason:

Retirement