BBQ Restaurant/Bar in East Mississippi
Asking Price: | $1,650,000 |
Gross Revenue: | $1,080,000 |
FF&E: | $250,000 |
Established Year: | 1998 |
Cash Flow: | $228,000 |
Inventory: | $15,000 |
Real Estate: | $650,000 |
This Iconic restaurant for sale is an incredible opportunity for anyone wanting to expand their footprint or to get started in the Food Service Industry. This beloved establishment has been a fixture in its location for over two and a half decades. The business has consistently generated around $1,000,000.00 in gross revenue for the last several years. This is an unbeatable chance to become an owner of a legacy establishment with a solid customer base for the same cost it would take to establish or start a new business. The business is priced at $1,650,000.00 and that includes the property which is valued around $650,000.00. Forget the hassle of finding an unimproved location or starting new with no customer base or having to negotiate a lease with a landlord who will control the building and what and when you can make any changes. This well established business will start earning you money from the first day of operations. With fresh energy and capitalizing on the restaurants rich history, this restaurant will continue to serve an owner for many more years. With the strategic location of the business, it continues to draw crowds and capture the attention of passerby's with decades of history and a reputation for quality service and food, the regulars will continue to be loyal along with the newcomers. The staff has been with the current owners for an average of over five years and will remain with a new owner. With the perfect location and rich history, don't miss this opportunity to create and continue a truly exceptional business.