Best Italian Restaurant in Mississippi

Laurel, MS
Jones County

Metro Area


Asking Price: Annual Revenue:
$2,500,000 $1,800,000

Food & Beverage: Catering, Food Preparation


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RE: Best Italian Restaurant in Mississippi Broker: Randy Shurbet

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $1,800,000
Net Profit: $72,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $23,000
Real Estate: $1,500,000
Year Established: 2015
Employees: 10
BBN Listing #: 549354399
Broker Reference #: 105512

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Business Overview:

To be rated the Best Italian Restaurant in Mississippi says it all about this elegant restaurant that has been in business only six years. The growth of this business has been substantial since it's origin with sales beginning at zero and now over $1.5 million. and approaching $2.0 million. This profitable restaurant is well equipped including a Wood Fired Pizza Oven as well as a separate walk-in cooler and freezer. The restaurant is elegantly designed with "Old Italy", in mind and includes a beautiful bar area that serves liquor, beer and a wide assortment of wines. The owner is originally from Southern Italy and everything is freshly prepared and reasonably priced with high 4-5 star ratings on all social media sites makes this restaurant a favorite destination for locals and tourists.

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Property Features and Assets:

The restaurant is located on the main street of the downtown area of the city in a restored historical building that offers an immensely attractive facade. There is 100 feet of street frontage, and parking in the rear of the building to accommodate up to 100 vehicles. There is a private meeting room located within the restaurant, along with a outstanding water fountain display in the middle of the restaurant. The building also has three apartments located on the top floor with a separate entrance from the restaurant and these have been fully leased since the origin of the building restoration.

Market Competition and Expansion:

There are the usual national pizza chains and food trucks located in the area but no full service Italian restaurants within 25 miles. The Wood Fired Pizza Oven gives this restaurant a distinct advantage over the national chains and food trucks in the area. The city the business is located has experienced a tremendous increase in tourist to the area over the past three years with no slowdown in projected. The city has three colleges and a total population around 80,000. The restaurant is currently closed on Sundays, which offers growth potential. .

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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