112 Elizabeth St Picayune, MS 39466

This profitable, turnkey restaurant and axe throwing venue in Picayune, Mississippi, is available for sale due to the owner's retirement. Located in a high-traffic area near downtown, this 5,043 square foot establishment offers a unique entertainment experience. The spacious interior comfortably seats up to 100 guests and features a fully equipped kitchen with commercial-grade appliances, including a triple-door cooler, double-door freezer, ice machine, gas fryers, griddle, and updated hood vent. Additional kitchen amenities include stainless steel prep tables and a triple sink. A convenient roll-top garage door in the rear facilitates easy deliveries. The building also includes two public restrooms, one employee restroom, and four double axe throwing lanes. Entertainment options extend beyond axe throwing, with agreements in place for shared-profit amusement games such as a jukebox, two pool tables, a punching machine, an ATM, a claw machine, and a pinball machine. The property sits on a 0.11-acre lot and was built in 1998, undergoing renovations in 2021. Currently operating at 50% occupancy, the property boasts a strong net operating income (NOI) of $125,000 and a 17.15% cap rate. The asking price is $729,000, translating to $144.56 per square foot. This is an exceptional opportunity for an owner-user seeking a well-established, income-generating business with significant growth potential.