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Businesses For Sale   >>   Canton Businesses For Sale   

Established Family Restaurant And Bar

Location  Canton, Mississippi, United States
Asking Price Range  < $250K
Gross Revenues  $109200
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2007
Number of Employees  1 - 3
Inventory  30600
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Available
Reason for Sale  Other Business Interests

This very popular family restaurant & bar business for sale is found right on the Square in downtown Canton, Mississippi. This food establishment is well‐known for its delicious southern fare and Friday night entertainment. The business has a great cash component through cash sales which can easily be increased by adding the sale of alcohol and full‐service bar. There is also the ability to double or triple sales by 1) opening up the back room, which shares the open redbrick interior as the front of the house, and 2) extending business hours to include breakfast and dinner. The building and real estate are optionally available for purchase. A large apartment occupies the 2nd level and presents the opportunity for additional revenue. Seller, due to a limiting condition, established this business 5 years ago and has made the conscious decision to limit operating hours to lunch only and has maintained lunch‐only hours in spite of high demand for dinner hours as well as Saturday entertainment. Competition is non‐existent in the immediate area, and people come from 20 miles around to enjoy food, service and Friday night music and drinks. There is plenty of street parking right in front of the restaurant. City Hall is right across the street, and other businesses and municipal buildings draw people right to the Square all week long. Canton, MS is a historic district and tourists come from all around Mississippi, Tennessee and around the South to visit. The area is home to some of the largest outdoor festivals and events around, including the Balloon Race, The Christmas Lights of Canton, The Canton Flea Market (Twice per year), and others. Canton is home to Nissan North America's massive production plant, which is beginning expansion, adding more workers and revenue to the area. Seller has other interests and is very motivated to divest this esteemed family restaurant & bar for sale.

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