Mississippi Second Gen Restaurant Space for Sale on School Campus

Description

This second-generation restaurant space in Mississippi offers an opportunity to establish an independent food service concept on a well-known school campus. The location is near a major regional roadway, providing access for students, faculty, staff, local residents, and travelers. The business is not part of a franchise, allowing the buyer to develop their own brand, menu, pricing, and service model.The restaurant offers more than 7,000 square feet, a large parking area, and seating for more than 250 guests. The owners recently invested more than $25,000 in new booths, tables, and chairs. The existing cafeteria layout can support breakfast, lunch, dinner, grab-and-go service, coffee, snacks, catering, meal plans, private events, and campus or community functions.The sale includes restaurant equipment such as a fryer, eight-burner stove, grill, three-compartment sink, microwave, three prep tables, walk-in cooler, walk-in freezer, glass-door reach-in cooler, reach-in freezer, under-counter cooler, additional refrigeration equipment, a POS system, security system with cameras, safe, store décor, trash receptacles, and other restaurant assets. Buyers should verify the ownership, condition, and operational status of all equipment during due diligence.The restaurant previously served primarily boarding students, so public sales records are limited. The owners plan to reopen the restaurant and expect to provide updated sales information after operations resume. Opportunities exist to serve the campus population while expanding business through local customers, nearby traffic, catering, special events, and extended operating hours.An experienced Southern cuisine cook is willing to remain with the business under new ownership. Other employees familiar with the restaurant may also be available, subject to the buyer's hiring decisions.The school campus offers dormitory accommodations available for rent. Restaurant operators, managers, or employees relocating to the area may benefit from on-campus housing.The seller owns the building and will negotiate a new lease before closing. Proposed monthly rent is approximately $7,998, including CAM charges. Because there is no existing lease to assume, the buyer and seller will negotiate the lease term, renewal options, permitted use, housing arrangements, operating requirements, and other terms before closing. Buyers should independently verify campus access, enrollment, traffic patterns, licensing requirements, operating hours, food service restrictions, and housing availability.This opportunity does not qualify for SBA financing. Unsecured financing of up to $500,000 may be available for qualified buyers.