Gulfport Bar Business for Sale with $157K Owner Benefit

Description

Bar business for sale in Gulfport, Mississippi with documented annual sales of approximately $813,253 and seller-reported Owner Benefit of approximately $157,351. The operation includes a full kitchen, indoor seating, a large patio and an existing employee team.

Financials

• Annual sales: approximately $813,253
• Owner Benefit: approximately $157,351
• Asking price: $349,999
• Monthly rent: approximately $2,000 including CAM

Buyers should review tax returns, POS reports and the adjustments used to calculate Owner Benefit before relying on the stated earnings figure.

Facility

• Approximately 3,000 sq. ft.
• Approximately 68 indoor seats
• Patio seating for approximately 125 guests
• Approximately 90 parking spaces
• Fully equipped kitchen

The large patio provides substantial additional capacity during suitable weather and can support events, game-day traffic and higher-volume service periods.

Lease

• Current lease runs through February 2029
• One additional five-year option
• Rent of approximately $2,000 per month including CAM

Buyers should confirm the exact expiration date, option terms, rent increases and landlord approval requirements for assignment.

Operations

The business operates primarily during evening hours, generally from 5 PM to 2 AM, with daytime service on Sundays.

The current concept has a sports-oriented atmosphere supported by a full food and beverage operation.

Staff

The business currently employs approximately 20 people. Buyers should review payroll, scheduling, management responsibilities and which employees are expected to remain after closing.

The seller will provide transition training to the new owner.

Licensing

The business currently operates with a full liquor license. Continued alcohol service will be subject to applicable Mississippi and local transfer and licensing requirements.

Financing

The listing states that SBA financing may be available to qualified buyers with approximately 15% down, subject to lender and SBA approval.

Seller financing is also represented as available with 50% down. Interest rate, amortization, security and any balloon payment should be negotiated directly with the seller.

Growth

• Increase game-day and watch-party programming
• Add themed nights and special events
• Expand patio programming
• Increase local and digital marketing
• Develop private-event bookings
• Review additional daytime operating hours

Due diligence

Buyers should verify sales, Owner Benefit, food and beverage margins, payroll, lease terms, equipment ownership, liquor-license status, patio approvals, parking rights and any customer deposits or outstanding obligations before closing.

Particular attention should also be given to the February 2029 lease expiration, renewal option and the assumptions behind any SBA or seller-financing structure.