Established portfolio of five retail locations in the greater Memphis market, consisting of three grocery stores and two liquor stores.? This diversified portfolio provides multiple revenue streams across established neighborhood retail concepts serving consistent local demand.?
5-Store Memphis Retail Portfolio-3 Grocery and 2 Liquor Stores
Operating businesses - $4,960,000
Prescott grocery $1,200,000. Frayser grocery $1,750,000. Horn Lake grocery $820,000. Frayser liquor $910,000. Prescott liquor $280,000.
4.03 times EBITDAR
Against combined adjusted EBITDAR of $1,232,086. Grocery and liquor price at 4.03 and 4.01 times respectively.
Real estate - $2,000,000
South Prescott: 3.43 acres and 36,910 square feet housing the Prescott grocery and liquor stores, conveying fee-simple.
Inventory - $1,732,000
Held at cost across the five stores and purchased separately at closing, outside the $7,000,000 price.
Asset 1: Operating businesses — the five stores, valued at approximately $4.96 million.
Asset 2: Real estate — the fee-simple South Prescott property, valued at approximately $2 million.