MERIDIAN, Mississippi
| Asking Price |
$675,000 |
Year Established |
1998 |
|
| Annual Revenue |
$1,050,000 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$0 |
Attention |
Randy Shurbet |
|
| Annual Cash Flow |
$200,000 |
Listing Number |
949313 |
|
| # of Employees |
23 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This iconic BBQ business has been a Meridian staple for over 26 consecutive years and is considered the "Go To" restaurant for a quality meal and service. To consistently grow your business for 24 years, says it all, and deserves the title of iconic. The Owners have decided to retire and enjoy their grandchildren and this is an incredible opportunity for someone to purchase this business and start earning from the beginning of operation. This is a turnkey sale and all furniture, fixtures and equipment are included in the sale.
Property Features and Assets:
<p>The property is located in one of the most favorable areas of Meridian and the building has been well-maintained through the years and with the additions that have been recently finished, it is more attractive as ever. The assets allow a new owner the ability to begin operations immediately without any additional asset purchase to be added. The restaurant facility is 3848 square feet and the property encompasses 15,400 square feet with parking for 18 vehicles at the restaurant but plenty of additional parking in adjoining areas. The lease is for 5 years with an option to renew for another 5 years. The lease price is $5000.00 per month.</p>
Market Competition and Expansion:
<p>Competition in the area is limited due to the amount of years the business has operated. There are several national brand restaurants in the area but very few local businesses that offer a menu that offers some of the favorite local food items. The business does an outstanding catering business and that area of the business is expanding with the addition of the new Data Center as a catering customer. The menu offers a wide variety of food items and the current items have proven sales, therefore, more items on the menu would not be an area for expansion. Due to the goodwill of the business, expansion to other locations in the area is possible. </p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity