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Popular Restaurant and Bar, with Real Estate Included for sale in Jackson, MS

Jackson, Mississippi (MS)

Asking Price: Gross: Cash Flow:
$ 860,000 $ 800,000 $ 120,000

Furniture and Fixtures Value:
$ 50,000 (included in the asking price)

Inventory Value:
$ 11,000 (included in the asking price)

Real Estate:
(included in the asking price)

Business Summary:
This very popular restaurant and bar has the “character” so often desired by restaurateurs. The kitchen offers good food and signature dishes only available at the venue. Guests enjoy entertainment in a fun atmosphere at the bar. Hearty laughter is often a fixed part of the backdrop here. This food establishment has been well-known for its delicious southern fare for over 18 years. The business has a significant cash component. Revenue can easily be increased by expanding catering and improving the pricing strategy. A seasoned restaurateur would also have the ability to increase sales and sales margins by adding value to the assets, the people, and the character of this establishment. The point of sales system, security system and inventory management system are all updated and provide ownership and management with the best available and most timely reporting. The building and real estate are included in the purchase, which includes a large approximately 5,000 sq ft. building and parking lot. Ample competition exists nearby and the business has “watched” as other restaurants have come and gone over the years. Substantial retail business in the surrounding area draws people from nearby residential neighborhoods. Loyal customers come from the immediate area, and people from 20 miles around come to enjoy the food, entertainment, events, and friendly service for which this longstanding restaurant is so well known.

 

   
Year Business was Established: 1983
   
Number of Employees: 4 FTE, 20 PTE  
   
Facilities / Terms of Lease: 4,855 sq. ft. building; included in sale price  
   
Owner willing to finance: Seller will consider some financing for a qualified buyer  
   
Owner willing to train: Seller will negotiate a transition period  
   
Seller Reference Number: N737-JCor
BusinessMart.com Listing Number: 195648
 

 

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For more info contact:

William Wicht

Sunbelt of Mississippi
228-388-7030

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