Restaurant
Location: United States -> Mississippi -> Olive Branch
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Looking to sell restaurant. It’s a sports bar and grill located in one of the fastest growing counties in the US! Owner is looking to relocate due to family medical issues. The restaurant is really great – has a great staff, strong management and lots of potential! At the present, it has been open more than one year, and is treading water. Sometimes it’s a little below water, meaning I’ve contributed to make the bills each month but nothing substantial. Other months, we are able to make ends meet and are looking to expand into pizza. There are many opportunities with this business – there is a full business plan with projects, and is in a hot location. There are 3 hotels being built within walking distance, and there is a new subdivision being built close by. Pleaes let me know if you have any additional questions. I’m not looking to get any investment money back – I’m looking to break even or a slight loss. There are loans but if you have the financing or don’t need a loan, it would be profitable from the get go. Asking price is $483,000 which includes all equipment, logo, business, etc. There are 4 big screen TV’s and multiple smaller TV’s. Really great business – let me know if you have any questions or would like to buy it!! Contact for website and more information on this Restaurant for sale.
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $375,000
Cash Flow: $375,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $275,000
Seller Financing: No
About The Business
Year Established: 2006
Number of Employees: 6 – 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks or whatever is needed.
Reason For Selling: Owner looking to relocate and needs help.
