SOLD 10/31/22: Mississippi Gulf Coast Restaurants for Sale – Waterfront Boat Accessible – High Profit – Unlimited Growth Potential – Fully Staffed – Fully Managed Absentee Owner Operated
SOLD 10/31/22: Mississippi Gulf Coast Restaurants for Sale – Waterfront Boat Accessible – High Profit – Unlimited Growth Potential – Fully Staffed – Fully Managed Absentee Owner Operated
Price: $400,000
Location: Montgomery
Industry: American Restaurants, Miscellaneous Restaurant and Bars
Listing ID: 5016
SOLD
Mississippi Gulf Coast Restaurants for Sale.
The Mississippi Gulf Coast, also known as the Mississippi Gulf Coast region, Coastal Mississippi, or simply The Coast, is the area of southern Mississippi along the Mississippi Sound along the Gulf of Mexico.
Two restaurants are included in the package price.
Easy to run as restaurants are only 12 miles apart.
Waterfront Boat Accessible.
High Profit.
Unlimited Growth Potential.
Fully Staffed.
Fully Managed including General Manager, Assistant Manager, and Kitchen Manager.
Great condition.
Gross Revenue: N/A
Cash flow: N/A
Reason For Sale:
Absentee owner.
Training & Support:
Ask broker for details.
Days & Hours of Operation: Ask broker.
Owner Hours Per Week: Ask broker.
Non-Owner Payroll: Ask broker.
Employees: Ask broker.
Managers: Ask broker.
Monthly Rent: 43360
Type of Location: Ask broker.
Square Footage: 18000
Facilities Information:
Restaurant One:
Freestanding 6,000/SF
Rent is 8% of Sales.
A 15-year lease adds peace of mind and security.
Opening costs almost $500,000.
Gross Sales $2,300,000
Net Profit $320,000
Absentee Owner-Operator.
Restaurant Two:
Freestanding 12,000/SF
Rent is 8% of Sales.
A 15-year lease adds peace of mind and security.
Opening costs over $700,000.
Gross Sales $$260,000 monthly.
Net Profit $35,000 monthly.
Absentee Owner-Operator.
Competition:
Ask broker.
Potential Growth:
Unlimited.