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Asking Price$1,650,000
Revenue$1,700,000 Established2018
Cash Flow$130,000 Employees3 full, 6 part
FF&E$125,000 FranchiseNo
Inventory$3,000* RelocatableNo
Real Estate$850,000* Home-basedYes
* Included in Asking Price
This beautiful established, profitable, award winning Italian restaurant located in Laurel Mississippi is for sale along with the versatile property with a historical pedigree. The restaurant is approximately 5000 square feet with seating for up to 100 and includes a full service bar area. The restaurant has consistently grossed approximately $1.5 million per year and is a local and tourist favorite "Go To" restaurant. The location is in downtown Laurel Mississippi which is home to the popular HGTV "Home Town" series on national television. The owner has three locations and has decided to downsize to spend more family time and this restaurant and property is an outstanding opportunity for someone starting in business or expanding their current brand.
Facilities:The restaurant occupies approximately 5000 square feet of the bottom floor of the 10,000 square foot building and the top floors of the building are divided into apartments with all being currently leased. The restaurant is elegantly furnished and the facade of the building speaks Italian. Parking is available on the street and at a parking lot located in the rear of the building for up to 75 autos.
Competition:This is the dominant Italian restaurant in Laurel with the only competition being local and national pizza chains. This restaurant is a high end restaurant and offers an extremely versatile menu of favorite Italian dishes made from only fresh ingredients. Definitely a taste of "Old Italy".
Growth Potential:The growth potential is in direct correlation with the city and area. The popular "Home Town" TV program has resulted in a steady stream of tourists and business visitors to the city to see the implementation of the program and the revitalization of the city.
Training/Support:The seller will offer one month of training on operations and food preparation. The sale includes all recipes and preparation instructions to provide consistency of quality on all products.
Seller Financing:No Seller Financing
Sale Reason:Downsizing
Ad #126775
Seller Reference #Listing # 105512
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Randy Shurbet
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