#1011
This restaurant and bar is located in the heart of Oxford, Mississippi. Nice space in a wonderful SEC Football town located on the Square in the heart of it all and steps away from the University of Mississippi! .
Space is 10,000 /sf which consists of 3 floors along with a wonderful large covered balcony to to take in all the sights on the Historic square. Tons of TV’s. This custom designed venue has unique touches of reclaimed wood and mason jar lighting to give a unique southern blues charm to this establishment. Downstairs Seating 100, Downstairs bar seating 50, Upstairs bar seating 60, Upstairs lounge seating 40, Outside covered balcony seating 80, On the square parking for 500.
Long term lease $11,700 per month with first right of refusal to purchase building. First term of lease expires in 2014 with two five year options to renew. Opened in August 2008 by current Owner. Gross sales are $2 million a year. Owner states net profit is $250,000 per year after paying all expenses and 2 managers at $35,000.00 each.
Priced at $ 1.8 million
Some facts about Oxford, Mississippi:
Oxford has been named by USA Today as one of the top six college towns in the nation. It is included in The Best 100 Small Towns in America. Lafayette County consistently leads the state rankings in the lowest unemployment rate per quarter. Oxford City Schools are ranked as “Star” schools, the highest ranking available, and Lafayette County school systems are consistently ranked as “5-star” systems.
- Oxford has had a thriving and diverse music scene for many years, often drawing comparisons to other college towns with active musical life, such as Charlottesville, Virginia, Chapel Hill, North Carolina, Austin, Texas or Athens, Georgia. Oxford’s relatively close proximity to large music cities such as Memphis, New Orleans, and Nashville, make it a regular stop for most of the current musicians and bands who tour on a regular basis. Musicians past and present living in Oxford include Beanland, The Cooters,Kudzu Kings, Blue Mountain, George McConnell, Caroline Herring and blues harp player Adam Gussow.
- Oxford is also the home of the renegade blues label Fat Possum Records, who released records by blues legends R. L. Burnside and Junior Kimbrough, as well as The Black Keys. Johnny Marr, former guitarist for The Smiths and current member of Modest Mouse bought a home in Oxford but no longer lives in it. Former Derek and the Dominosmember Bobby Whitlock lived in Oxford where he had a ranch and his own studio.
- Musicians Modest Mouse, Gavin Degraw, Elvis Costello, The Hives, and Counting Crows have recorded albums at Sweet Tea Recording Studio in Oxford. Dennis Herring, the owner of Sweet Tea, has received Grammy awards for his work with artists such as Jars of Clay and blues great Buddy Guy.
- Bob Dylan wrote a song called “Oxford Town“, which was included on his album The Freewheelin’ Bob Dylan. The song was about the violent events surrounding the admission ofJames Meredith into the University of Mississippi in 1962. Dylan played a memorable concert at the Tad Smith Coliseum on the Ole Miss campus in November 1990, which opened with a performance of the song Oxford Town.
- Oxford has been the setting for numerous movies, including Intruder in the Dust (1949, based on the Faulkner novel), Home from the Hill (1960), Barn Burning (1980, based on theFaulkner short story), Rush (1981 documentary), Heart of Dixie (1989), The Gun in Betty Lou’s Handbag (1992), Sorry, We’re Open (2008 documentary), The Night of the Loup Garou (2009), “Where I Begin (2010), and parts of The People vs. Larry Flynt (1997).
- (This is an Open and Operating Business. Please do not make any attempt to contact Staff, Management, and or Ownership. Documentation and Inspections will be provided upon request)
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