Profitable Restaurant with Bed and Breakfast

Mississippi

Seller Financing Available

Asking Price:	$2,800,000
Gross Revenue:	$1,800,000
Rent:	$6,500/Month
Real Estate:	$1,500,000

Cash Flow:	$350,000
Inventory:	$35,000
FF&E:	$150,000
Established Year:	2015

Listing ID: 1909983Listing provided by BizBuySell

BUSINESS DESCRIPTION

To be rated the "Best Italian Restaurant in Mississippi", says it all about this elegant restaurant that has been in business for six years. The growth of this business has been substantial since it's origin with sales beginning at zero and now over $1.6 million. and approaching $2.0 million. This very profitable restaurant is well equipped including a Wood Fired Pizza Oven as well as a separate walk-in cooler and freezer. The restaurant is elegantly designed with "Old Italy", in mind and includes a beautiful bar area that serves liquor, beer and a wide assortment of wines. The owner is originally from Southern Italy and everything is freshly prepared and reasonably priced with high 4-5 star ratings on all social media sites makes this restaurant a favorite destination for locals and tourists. The building has been restored on the top floor to include a beautiful Bed and Breakfast accommodation of three elegant rooms for lease.

DETAILED INFORMATION

Location

Mississippi

Inventory

Included in asking price

Real Estate

Owned

Included in asking price

Building SF

6,400

Lease Expiration

01/08/2027

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The Restaurant and Bed and Breakfast, is located on the main street of the downtown area of the city in a restored historical building that offers an immensely attractive facade. There is 100 feet of street frontage, and parking in the rear of the building to accommodate up to 100 vehicles. There is a private meeting room located within the restaurant. The building also has three elegant Bed and Breakfast rooms located on the top floor with a separate entrance from the restaurant and these have been at full occupancy since the addition to the building.

Competition

There are the usual national pizza chains and food trucks located in the area but no full service Italian restaurants within 25 miles. The Wood Fired Pizza Oven gives this restaurant a distinct advantage over the national chains and food trucks in the area. The area is void of enough Bed and Breakfast locations and the current locations stay full year round. The city is featured on national TV year round and has a steady flow of tourists.

Growth & Expansion

The city the business is located has experienced a tremendous increase in tourist to the area over the past three years with no slowdown in projected. The city has three colleges and a total population around 80,000. The restaurant is currently closed on Sundays, which offers growth potential. The Bed and breakfast remains open 7 days per week and has a separate entrance from the restaurant. The restaurant and the bed and breakfast are both very elegant.

Financing

Seller will consider some financing

Support & Training

The Seller will offer a full month of on premise training and two additional months of consultation.

Reason for Selling

The owner is retiring.

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