Request More Information Contact the Seller
- RE: Iconic Restaurant For Sale In Meridian Mississippi
- Contact: Randy Shurbet
Quick Facts
Asking Price: | $1,650,000 | |
Annual Revenue: | $950,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $200,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | $650,000 | |
Year Established: | 1998 | |
Employees: | 23 | |
BBN Listing #: | 949313 | |
Broker Reference #: | 10412 |
Business Overview:
This iconic 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 business will qualify for an SBA or conventional loan with the property being included. Â
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
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 the adjoining shopping center.
Market Competition and Expansion:
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 but that area of the business could be expanded. 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.
Reason for Selling:
RetiringAdditional 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
Documents:
Relevant Links:
- View more Mississippi businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information