BBQ Restaurant/Bar in Meridian Ms.

Asking Price$1,450,000

Cash Flow
$228,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,080,000

Inventory$15,000
Included in asking price
FF&E$250,000
Included in asking price
Real Estate$700,000
Included in asking price
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BBQ Restaurant/Bar in Meridian Ms.


Asking Price$1,450,000

Cash Flow
$228,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,080,000

Inventory$15,000
Included in asking price
FF&E$250,000
Included in asking price
Real Estate$700,000
Included in asking price
Business Description
This Iconic restaurant for sale is an incredible opportunity for anyone wanting to expand their footprint or to get started in the Food Service Industry. This beloved establishment has been a fixture in its location for over two and a half decades. The business has consistently generated around $1,000,000.00 in gross revenue for the last several years. This is an unbeatable chance to become an owner of a legacy establishment with a solid customer base for the same cost it would take to establish or start a new business. The business is priced at $1,450,000.00 and that includes the property which is valued around $700,000.00. Forget the hassle of finding an unimproved location or starting new with no customer base or having to negotiate a lease with a landlord who will control the building and what and when you can make any changes. This well established business will start earning you money from the first day of operations. With fresh energy and capitalizing on the restaurants rich history, this restaurant will continue to serve an owner for many more years. With the strategic location of the business, it continues to draw crowds and capture the attention of passerby's with decades of history and a reputation for quality service and food, the regulars will continue to be loyal along with the newcomers. The staff has been with the current owners for an average of over five years and will remain with a new owner. With the perfect location and rich history, don't miss this opportunity to create and continue a truly exceptional business.
About the Business
Years in Operation
27
Number of Employees
23
Facilities & Assets
The kitchen and dining area has a total of 2248 square feet and there is storage space for inventory and other items of 750 square feet in the back area of the store. The patio area is 900 square feet and the parking area and outside of the facility is well maintained and can accommodate up to 20 vehicles in the front and sides of the building. There is additional parking in an adjacent area that can accommodate another 25 vehicles. The owners have recently replaced the tables and chairs in the main dining area as well as the patio area.
Market Outlook / Competition
Market conditions for this business is very solid and the area of location continues to grow along with the metro area. The competition is and has been friendly and the four competitors in the area along with this business work together to help the business grow for each business. This is a unique situation but has worked well for all concerned. The area of location continues to expand at a rapid rate as Meridian is experiencing a solid growth period. The new Data center being constructed in the area will bring job growth.
Opportunities for Growth
There is room for growth by expanding the delivery service and the catering business. They have had a strong catering business but the area where catering is offered could be expanded. The property of the business is being used to the maximum so expansion would require new locations. The strength of the brand in the area and state would allow for expansion as well as possible franchising. The new Data center being finished in Meridian has already contacted Squealers concerning catering. The over twenty years in business has solidified the brand.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,898
About the Sale
Seller Motivation
Seller wants to cut back and have more time for Grandchildren.
Transition Support
The Seller will offer up to 30 days of training and continued consultation for six months. The owner is general manager and would like to stay as an employee for up to a year, if a new owner would have interest.
Financing Options
No Seller Financing
Listing Info
ID
2255987
Listing Views
1303

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Business Listed by: Randy Shurbet isellrestaurantsandbars.com

Listing ID: 2255987 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.