Joplin MO Restaurant and Bar for Sale doing $1Million in Sales
| Asking Price: | $199,000 |
| Rent: | $7,936/Month |
| Gross Revenue: | $1,042,288 |
| Established Year: | 2020 |
Established Restaurant and Bar for Sale offering an incredible opportunity for a new owner to step into a turn-key business. With annual sales exceeding $1 million, this well-established location provides a solid foundation for success. This an excellent investment for an experienced hands-on operator with strong operational and expense control experience. Keep the current Franchised concept or rebrand to your own independent restaurant. NOTE: Lease reduction of $2437/month for a new tenant/owner.
This estaurant and Bar for Sale boasts a prime location, which is a key factor in its success. Surrounded by both residential and business communities, there's a consistent stream of regular customers as well as new faces drawn to the area. With a monthly rent of under $8000 per month, your largest fixed cost is well below the industry threshold of 10%. NOTE: New tenant will continue to enjoy a $2437/month rent concession. The location is 5900 square feet and can accommodate over 100 guests inside and out. The menu serves up all the classic favorites such as burgers, salads, sandwiches, bar bites and spectacular wings.
This is a corporate owned franchised Restaurant and Bar for Sale offered by We Sell Restaurants is in need of an on-site owner operator. The bones are already there. Open and operating for four years, annual sales exceed seven figures. Rent is a very reasonable $16.25 PSF including CAMS. The lease has two 5-year options to renew. The difference between absentee corporate ownership and an on-site owner operator is oversight. Cost of goods is over 38% of sales. It should be in the low 30's. Salaries and Wages are 33%...they should be closer to 25%. Fix these two controllable cost centers and watch the profits grow!
Located in Joplin, MO, this Restaurant and Bar for Sale is truly turn-key coming fulley equipped with equipment that is less than five years old. Keep the current franchised concept or convert to your own, either way, at this price you'll save hundreds-of-thousands versus the cost of a new build out.
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