Selling 34 year old business. 4 years at new location in fastest growing city in Nation and 44.000 cars a day Goodan Rd. Olive Branch, Mississippi Minutes from Memphis. Retiring from business. Turn Key operation everything goes. Meat Cooler, Meat Saw, Grinder, Deli meat slicer, Prep Tables, Walk In cooler, 6 Door retail freezer with compressors, Grills and booths and tables to seat 40 people and tons more to list. Store is set up for credit cards, Food Stamps too Take over lease payments from Crye-Lieke. We may finance a portion. First good offer buys their own business. We supply about 20 cooking teams and have supplied the wining ribs for Memphis in May 2 of the past 3 years. The store has a good mix of customers and the steakhouse and BBQ restaurant side has only been open for a couple for months. We sell a lot of BBQ to go like Butts and Ribs that we cook outside and we grill inside on the 8ftX3Ft charcoal grill right on the floor of the store. Catesmeat.com (901)262-5255
The asking price for a leased property is usually for equipment, Inventory, and so called goodwill(reputation)-but ask exactly what you are paying for-the 89k
looks like a nice place
any buyer looking at a property usually asks for;
last three yrs tax returns,(this will show sales and profit trends) including profit and loss statements/income statements-clear
lease rate- cost per squ foot, lease terms, and scheduled increases-copy of lease also CAM common area maintenance
list of equipment- and inventory, and how inventory is valued-any leased equipment?
list of present employees/contracts
list of expenses- including taxes and insurance
if business is listed thru an agent-request to meet the owner and ask owner questions...
meet other tenants of mall and ask them questions(make sure road construction isnt coming in front of mall in the next two yrs)
looks like a nice place and asking price seems reasonable
( I've been a licensed commercial Broker)
-- Edited by Mainemeatman on Monday 2nd of July 2012 05:16:59 PM
I didn't see a meat market. I saw a resturant. Actually it looks more like a bar and grill. Is there really any meat cutting and selling going on there with out cooking it first? I guess some people use the term meat market loosely, but i am sure its a great resturant.
-- Edited by fdarn on Wednesday 25th of July 2012 06:56:17 PM
He has a Steak house, Meat shop, Store, Catering service, here are some pictures and video's that show the inside, One thing I like about this guy is he is a showman and has built a good business there.
He can get groups in the steakhouse for a 100 to 125 ribeyes or Filets. His Catering Service does big parties.
