0 Joplin Mo Restaurant And Bar For Sale Doing $1Million In SalesJoplin, MO 64801

Property Details for 0 Joplin Mo Restaurant And Bar For Sale Doing $1Million In Sales

Year built

2020

Property size (Sq ft)

5,900 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This established Joplin, MO restaurant and bar is a fantastic opportunity for an owner-operator. Boasting over $1 million in annual sales, this 5,900 square foot space comfortably seats over 100 guests. Built in 2020, the property features a full bar, full alcohol license, and extensive equipment including multiple fryers, a grill, refrigerated prep tables, and a POS system. The current lease, expiring December 31, 2025, includes two five-year renewal options and a significant rent concession of $2,437 per month for a new tenant/owner, resulting in a monthly rent under $8,000. The lease rate is less than 8% of sales. The menu features classic favorites like burgers, salads, sandwiches, and wings. The business currently employs 16 people. Significant cost-saving opportunities exist in cost of goods and payroll, allowing for increased profitability. This turnkey operation is fully equipped with less than five-year-old equipment, offering a substantial cost savings compared to new construction. The property is situated in a prime location, surrounded by residential and commercial areas, ensuring a consistent customer base. Financial details, including a cash flow of $16,884, are available upon request with proof of funds and a confidentiality agreement. The seller is motivated and open to either continuing the current franchised concept or allowing a rebranding.

Location Insight

City

Joplin

County

Jasper

State

Missouri

Latitude

37.1034

Longitude

-94.5418

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