Mardi Gras Restaurant and Lounge is a 17,000+ sq ft fine dining restaurant, club and lounge sitting on 1.15+ acres of desirable real estate located in downtown Jackson, Mississippi. The building, originally built in 1940, was completely renovated to its current facilitations in 2005. The seller is very motivated and willing to let this property go for $2,000,000. This is an instant $500,000 in equity for you! Additionally, everything used in the facility's day to day operations is included with the sale of this property. Everything you see in the gallery goes. You can buy this property today and be in business tomorrow! Gross sales for 2006  comprised of $236,275 from food sales, $1,721,331 from beverage sales and $581,741 from door sales for a total of $2,539,827.

Restaurant and Jazz Bar: The property features an elegant and romantic, Mardi Gras themed restaurant and jazz bar. There is a jazz bar with a separate dining area and bar with bar seating. The jazz bar has a stage and audio equipment for live performances. The restaurant area has seating for 100 and has 2 private dining areas.

Voodoo Lounge: The 10,450 sq ft nightclub located in the back of Mardi Gras (south side) features three separate bars, capacity for 964, dance floor, a complete DJ booth, sound system and a full stage for entertaining. The features of the nightclub and its capacity creates the ideal venue for live music and private parties.

Size, shape & topography: 1.1550 acres (50,311 sq ft), the site fronts the south side of Silas Brown Street for 181 feet and the east side of South State Street for 279 feet. The property is relatively flat and at or slightly above street grades of both Silas Brown Street and South State Street.

Location: Located at the southeast corner of State Street and Silas Brown Street; the southern end of the Central Business District of downtown Jackson. State Street serves as one of the primary traffic arteries between the CBD and Interstate Highways 55 and 20. The property is considered to have good location with good access being near major highways and in close proximity to the Hinds County Court House. Close proximity to downtown businesses and ten colleges and universities. Downtown Jackson is not only the economic and cultural heart of Mississippi, but is also the center of great opportunity in the Mid-South for more than 525,000 residents.

Ingress/egress: The property is situated on the corner of South State Street and Silas Brown Street and provides very good access and visibility. The property has vehicular access from both streets. The ingress/egress leads to a lighted and striped, asphalt paved surface parking lot on the property’s north side.

Description of improvements:  Restaurant, lounge and kitchen: 6,616 sq ft; bar/dance floor/nightclub: 10,450 sq ft; total: 17,066 sq ft. The exterior walls consist primarily of a double row of brick, one outside and one inside. The subject roof consists of part flat, built up roofing and part composition shingle gable roofing over wood and steel purlings. There are aluminum gutters and downspouts for proper drainage and decorative lighting fixtures around the outside of the structure. The building was completely renovated, converted and reconstructed to its current facilitations in 2005. Upon the appraisal, it was noted that the building improvements have a remaining physical/economic life of approximately 30 years.

Highlights: The sale of this property includes everything used in the daily operation of the restaurant and lounge, including, but not limited to:

• Complete commercial kitchen
• All food preparation equipment
• Dish washing equipment
• Walk in freezer and cooler
• Restaurant seating for 100+ people
• Table seating for 300 people
• Digital dining software (Dell touch screen; 11 stations)
• PA system
• 3 sound systems
• 9 television monitors and a projector television
• Walk in beer cooler
• 4 separate bars with beer coolers
• 9 complete bar tender stations
• 3 waitress stations
• Night club (964 person)
• Stage power for band, DJ and/or lighting
• 30’ x 45’ dance floor with lighting
• 2 offices (main office with full bath and accounting office)
• 3 ice machines (1,200 lb capacity)
• Bar stools and tables for 200 people
• Security system with cameras and DVR recorder

Tax Incentives: This property is eligible for an additional first-year depreciation deduction equal to 50% of the cost of a new investment under the Gulf Opportunity Zone Act of 2005.