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American And Seafood Cuisine Restaurant
Location: United States -> Mississippi -> Gulfport
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Restaurant business for sale in Gulfport, Mississippi. Location! Location! Location! The restaurant is currently serving breakfast, lunch and dinner but has a full bar that is not utilized and has a stage for entertainment that is not used. This restaurant is currently has a cash flow of 40k with absentee owner and has a full time working manager. If you want to own and manage your own restaurant the sky is the limit. If you are willing to add alcohol and entertainment you can go for the big money...
This location is also suitable for a franchise to move into a downtown location that is booming. Full service or fast food this location will make it happen. One price gets it all or a 25% down payment gets you started. This restaurant business for sale in Gulfport, Mississippi is fully equipped and is a turnkey operation. Go to work tomorrow and have an experienced owner go with you and help you succeed.
Broker Opinion: Talked to a restaurant owner last week whose restaurant is located two blocks off the main road. He explained to me that he had been in business for 15 years in that very location. He was proud of the fact that he was paying less than half the rent of his competitor located a few blocks away on the main road. My thought was that he does not know his competition because the competitor he spoke of was out of his league, this competitor did ten times more business and yes he was paying a little more than twice the rent but the competitor was making ten times more profit.
Don't be fooled, location in the restaurant business is vital and this location has it all. The owner is willing to except a down payment and let you take over. Come see this wonderful restaurant business for sale in Gulfport, Mississippi, meet the owner, taste the great food, make offer.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $400,000
Cash Flow:   $40,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $80,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available




Print Listing Id: 700187538
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Mississippi Businesses For Sale > Mississippi Franchises For Sale > Mississippi Business Brokers



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