Business Overview:
This Southern Restaurant and Bar in a wonderful SEC Football town located on the Square in the heart of it all, steps away from the University of MS!. Great location for casual dining and live music. Casual dining for lunch and dinner, large portions of good southern food (catfish, BBQ,& Stakes), Bar with live entertainment nightly. Southern college town, local environment.
Opened in August 2008 by current Owner. Gross sales are $2 million a year. Owner states net profit is $250,000 per year after paying all expenses and 2 managers at $35,000.00 each.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Space is 10,000 sq. ft. which consists of 3 floors along with a wonderful large covered balcony to to take in all the sights on the Historic square. Tons of TV’s. Large stage area both upstairs and down for bands to play and people to enjoy. This custom designed venue has unique touches of reclaimed wood and mason jar lighting to give a unique southern blues charm to this establishment. Downstairs Seating 100, Downstairs bar seating 50, Upstairs bar seating 60, Upstairs lounge seating 40, Outside covered balcony seating 80, On the square parking for 500.
Long term lease $11,700 per month with first right of refusal to purchase building. First term of lease expires in 2014 with two five year options to renew.
Market Competition and Expansion:
Oxford has been named by USA Today as one of the top six college towns in the nation. It is included in The Best 100 Small Towns in America. Lafayette County consistently leads the state rankings in the lowest unemployment rate per quarter. Oxford City Schools are ranked as “Star” schools, the highest ranking available, and Lafayette County school systems are consistently ranked as “5-star” systems.
# Oxford has had a thriving and diverse music scene for many years, often drawing comparisons to other college towns with active musical life, such as Charlottesville, Virginia, Chapel Hill, North Carolina, Austin, Texas or Athens, Georgia. Oxford’s relatively close proximity to large music cities such as Memphis, New Orleans, and Nashville, make it a regular stop for most of the current musicians and bands who tour on a regular basis. Musicians past and present living in Oxford include Beanland, The Cooters,Kudzu Kings, Blue Mountain, George McConnell, Caroline Herring and blues harp player Adam Gussow.
# Oxford is also the home of the renegade blues label Fat Possum Records, who released records by blues legends R. L. Burnside and Junior Kimbrough, as well as The Black Keys. Johnny Marr, former guitarist for The Smiths and current member of Modest Mouse bought a home in Oxford but no longer lives in it. Former Derek and the Dominosmember Bobby Whitlock lived in Oxford where he had a ranch and his own studio.
Reason for Selling:
Please inquire.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: