Exciting DFW Waterfront Bar and Restaurant #19326
| Asking Price: | $525,000 | Inventory: | $14,000 ++ |
| Gross Revenue: | $1,200,000 | Real Estate: | n/a |
| Cash Flow: | $180,000 | FF&E: | $300,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.
About the Business
Year Established:2007
Employees:15 full time -
Facilities:The facility seats 140 indoors and 160 outdoors. The ~3600 SF high visibility space is leased for a monthly rent of $12,000 + 2544 NNN + 6% of any annual sales in excess of $2.4 Million. Security deposit is $14,544. The lease expires approximately September 31 2012 with 5 year market renewal option.
Market Outlook and Competition:This is a strong, proven location with excellent potential. A new owner can continue to grow the business and profits in several ways: Continue improving menu Add billboard on major highways Direct mail surrounding neighborhoods using mail list Local advertising and marketing Target market boating community
About the Sale
Management Training and Support:The seller wishes to ensure a seamless transition with a purchaser. He will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, if desired by a purchaser, at mutually agreed compensation.
Reason For Selling:Relocation out of state
Seller Financing:The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.
Attached Files - Attachment Disclaimer
KEYWORDS: waterfront, bar, nightclub, disco, tapas, rowlett, lake, lakefront, waterfront, boat, boating, marina
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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