Famous Neighborhood Bar and Restaurant
| Asking Price: | $700,000 | Inventory: | $14,000 ** |
| Gross Revenue: | $1,300,000 | Real Estate: | n/a |
| Cash Flow: | $250,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
| Cash Flow Comments: Absentee run |
Famous Neighborhood Bar and Restaurant
Famous bar and restaurant is in a very affluent area. This long established business is beautiful inside and out with patio seating as well. A true neighborhood bar with gerat traffic flow in front and surrounded by expensive condos and all the prestige the Uptown area of Dallas offers. Very "Cheers" like. Liqour sales are 80% and the business has exceptional rent for the area. The economy has not affected sales in any appreciable degree which speaks volumes for the strength of the businesses reputation and the area it serves. The bar has a full kitchen and the facilities are in excellent condition. Buyer can assume the remainder of the SBA loan to the cash difference for an easy purchase.
About the Business
Year Established:1994
Facilities:This well known long established business is beautiful inside and out. Pride of ownership is apparent with all equipment in excellent shape. Full kitchen/bar and patio seating in about 3800 sq.ft.. Premises will meet all inspections necessary. Lease is exceptional for the area with eight years remaining.
Market Outlook and Competition:The Uptown area of Dallas is the most prestigeous and upscale neighborhood in the city. The business competes with many good restaurants and bars in the vacinity. Having a long history the business is and always has been strong and well supported. Surrounded by expensive condos and foot traffic the business has no immediate competition concerns given the location and loyal following.
About the Sale
Management Training and Support:30 days training
Reason For Selling:Health
Seller Financing:Buyer can assume SBA loan to balance of purchase price.
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