GULFPORT, Mississippi
| Asking Price |
$375,000 |
Year Established |
2023 |
|
| Annual Revenue |
$800,000 |
Reason for Selling |
Life Change |
|
| Annual P/L |
$0 |
Attention |
Randy Shurbet |
|
| Annual Cash Flow |
$0 |
Listing Number |
1020415 |
|
| # of Employees |
14 |
Business Category |
Food & Beverage: Catering, Food Preparation |
|
Business Overview:
This business is an investment that could pay off big time. This is a turnkey opportunity in a lucrative location in Gulfport, Mississippi with a view of the water. The business currently operates as an Italian Restaurant and Bar offering a wide variety of Italian cuisine and craft beers, domestic and imported beers and an exciting variety of custom crafted cocktails in an inviting vintage décor. The menu offers a wide variety of popular Italian dishes as well as some that are favorites to the area along with daily specials. The initial buildout of the restaurant/bar was over $500,000.00 and the facility is extremely well designed. The business attracts young suburban professionals and is very popular for private parties and catering.
Property Features and Assets:
<p>The location of the business has over 35,000 cars per day that pass with high visibility of the restaurant. The restaurant occupies an end cap location of a professional retail strip center with a full view of the harbor and boats. The building is 4500 square feet with a full-service bar area inside and a patio with incredible views of the boats in harbor. The business can seat 150 customers, and the lease is for five years with two five year options to re-new, and there is one year left on the current lease. The facilities are well maintained and in excellent condition. The kitchen area is fully equipped with the appropriate cooking and baking equipment, and all FF&E is no more than four years old. The facility is equipped with a security system with cameras, and the system can be operated remotely. The POS system for the business is Toast.<br></p><p> </p>
Market Competition and Expansion:
<p>This is an excellent turnkey operation for someone wanting to get started or expand their existing brand. This business has a beautiful décor and could be changed easily into another type of cuisine offered, such as seafood and steaks. The area is very heavy in seafood and the restaurant next door has a consistent seafood business generating over $7 million per year in gross revenue. The asking price for the business is $375,000.00. The lease includes an ample amount of parking to accommodate the customers, and the outside patio is perfect for private parties and catering events. There are just a few competitors in the immediate market are that offer Italian cuisine, making expansion or franchising of the brand very attractive. This is an excellent turnkey opportunity, and the owners will consider all offers. Please contact Randy Shurbet for further information and to discuss additional purchasing options.<br><br><br></p><p> </p>
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