Well established Restaurant for sale!
Business Description
ESTABLISHED AMERICAN RESTAURANT - GREENWOOD, MS
Well-established full-service restaurant and bar operating continuously since 1970, presenting an exceptional opportunity in Greenwood's dining market. This profitable establishment generates $975,000 in annual revenue with significant optimization potential.
BUSINESS OVERVIEW:
• 53+ years of continuous operation with established customer base
• Full-service American restaurant with bar
• Currently owner-absentee operated with 15 employees
• 4,000 sq ft facility with favorable lease terms through July 2030
• Monthly lease: $3,500
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $975,000
• Asking Price: $275,000 (0.28x revenue multiple)
• FF&E Value: $100,000 included
• Inventory included in sale
• Seller financing available for 50% of purchase price
MARKET POSITION:
• Community staple restaurant in market with reduced competition
• Several established competitors have recently closed due to owner retirements
• Prime timing to capture increased market share
• Strong local recognition and customer loyalty
GROWTH OPPORTUNITIES:
• Implement online ordering systems
• Streamline takeout operations
• Menu redevelopment and standardization
• Recipe and procedure optimization
• Projected 20% profit margin achievable within first year
SELLER SUPPORT:
• Comprehensive post-sale consulting included
• Training on menu development, staffing, vendor relationships
• Building and maintenance guidance
• Operations support for smooth transition
This turnkey operation offers an ideal opportunity for an operator to enhance existing systems while maintaining the restaurant's established community presence. The combination of strong revenue base, favorable lease terms, available financing, and comprehensive seller support creates an attractive investment proposition.
Perfect for experienced restaurant operators seeking a profitable, established business with clear growth potential in a market with reduced competition.
Well-established full-service restaurant and bar operating continuously since 1970, presenting an exceptional opportunity in Greenwood's dining market. This profitable establishment generates $975,000 in annual revenue with significant optimization potential.
BUSINESS OVERVIEW:
• 53+ years of continuous operation with established customer base
• Full-service American restaurant with bar
• Currently owner-absentee operated with 15 employees
• 4,000 sq ft facility with favorable lease terms through July 2030
• Monthly lease: $3,500
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $975,000
• Asking Price: $275,000 (0.28x revenue multiple)
• FF&E Value: $100,000 included
• Inventory included in sale
• Seller financing available for 50% of purchase price
MARKET POSITION:
• Community staple restaurant in market with reduced competition
• Several established competitors have recently closed due to owner retirements
• Prime timing to capture increased market share
• Strong local recognition and customer loyalty
GROWTH OPPORTUNITIES:
• Implement online ordering systems
• Streamline takeout operations
• Menu redevelopment and standardization
• Recipe and procedure optimization
• Projected 20% profit margin achievable within first year
SELLER SUPPORT:
• Comprehensive post-sale consulting included
• Training on menu development, staffing, vendor relationships
• Building and maintenance guidance
• Operations support for smooth transition
This turnkey operation offers an ideal opportunity for an operator to enhance existing systems while maintaining the restaurant's established community presence. The combination of strong revenue base, favorable lease terms, available financing, and comprehensive seller support creates an attractive investment proposition.
Perfect for experienced restaurant operators seeking a profitable, established business with clear growth potential in a market with reduced competition.
About the Business
- Years in Operation
- 55
- Employees
- 15
- Facilities & Assets
- This is a turn key very popular local restaurant/bar that has been a area favorite for over 50 years. Currently closed since May 25’ as the last owner retired from the business. A former employee now owns the property and business and is in the process of reopening. Current owner also owns another restaurant that has been open for 10+ years nearby.
This is a great opportunity for someone who is looking for a great investment that has a passion for the business and can expand on the already great foundation that is there. - Market Outlook / Competition
- The area has lost many staple restaurants in the last few years due to retirements of all owners. There has never been a better time in our community to own a great local full service restaurant/bar.
- Opportunities for Growth
- Capitalize on online ordering, streamlining to go orders, menu re development, & standardization of recipes and operating procedures and this restaurant will have a 20% profit margin within the first year.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $3,500.00 per month
- Lease Expiration
- 7/31/2030
About the Sale
- Seller Motivation
- Looking to explore other options in the food business such as consulting, traini
- Transition Support
- Current owners willing to consult with new owners on menu development, training, staffing, vendors, building, maintenance, etc for as long as needed.
- Financing Options
- Sellers would be willing to finance 50% of asking price.
Listing Info
- ID
- 2396939
- Listing Views
- 195
Listing ID: 2396939 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.
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