Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Listed by:

isellrestaurantsandbars.com

BBQ Restaurant/Bar In Meridian Ms For Sale

Lauderdale County, Mississippi, US
Asking Price:
$675,000 Furniture / Fixtures included
Sales Revenue:
$1,080,000
Cash Flow:
$228,000

BBQ Restaurant/Bar in Meridian Ms.

Top Ten Rated Restaurant in Mississippi

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 $675,000.00 and the lease is $5000.00 per month. This well-established business will start earning you money from the first day of operations. With fresh energy and capitalizing on the restaurant's 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 passersby 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.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration:
1/1/2031

Location:

Lauderdale County, MS

Premises Details:

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.

Size in square feet:
3,898

Business Operation

Expansion Potential:

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 is already using Squealers for catering. The over twenty years in business has solidified the brand.

Competition / Market:

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.

Reasons for selling:

Seller wants to retire.

Employees:
23
Years established:
27 Years

Other Information

Support & training:

The Seller will offer up to 30 days of training and continued consultation for six months.

Financing available:

No Seller Financing

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$15,000