Seller's Contact Information
- RE: Reduced Price On Profitable Restaurant In Ms.
- Contact: Randy Shurbet
Quick Facts
| Asking Price: | $379,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | $18 | |
| Cash Flow: | $82,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 185,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 10 | |
| BBN Listing #: | 816954399 | |
| Broker Reference #: | 100325 |
Business Overview:
Established and profitable restaurant located in the same location for the past seven years and is considered one of the most popular destinations in the area of Southwest Mississippi. The menu consists of steaks, seafood, country cooking, salads, desserts, and the best Po-Boys in the area. The business has enjoyed a continue growth over the past six years and has been profitable. The business is extremely organized and the staff has been with the business since the beginning. The staff is willing to stay with the new owner to guarantee the continued consistency of service and quality of food..
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Property Features and Assets:
The facility is well organized and has seating for up to 50 customers and has an area for private parties and or business meetings. The total square footage of the business including kitchen is approximately 1,600 - 2,000. The parking area can accommodate up to 40 automobiles. The location is very accessible from Interstate 10 and the FF&E is in excellent condition and the building has a new HVAC.
Market Competition and Expansion:
There is currently no other business in the area that offers a similar menu. There are the usual national fast food chains, but no other similar restaurants in the area. The closest competitor with a similar menu is approximately five miles in distance. The potential is outstanding with the growth of the area and the increase of traffic on Interstate 10.
Reason for Selling:
Family
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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