Bar for Sale In Texas Generating Strong Sales - Full Restaurant

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Asking Price:
$129,000

Gross Revenue:
$540,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this 4,000 square foot Bar for Sale and Restaurant in downtown Lewisville and get in on the incredible revitalization project going on in the city. The city's future plans are big and so can be your sales!
This is already a “happening” Bar for Sale with a great local following because of its cool vibe, excellent food, good times and good music. The possibilities are unlimited when you take over this location and be part of the ongoing city growth, offered by We Sell Restaurants!
This Bar for sale and restaurant is averaging $45,000 per month in sales with an absentee owner. A full-time owner operator should be able to double sales and generate a six-figure income. Rent is reasonable, just over $9,000 for this restaurant this size in this location and the landlord is willing to put a second-floor deck on the building.
This Bar for sale and restaurant has the fully-outfitted commercial kitchen includes a 6 burner w/30” flat top double oven unit, a single door oven with flat top and broiler, walk in freezer, walk in cooler , 4 double door refrigerators one single door freezer, ice maker, a 6' sandwich cooler, 3-table top steamers, 2 fryers , 9 TVs, 2-8'beer coolers, 2-4'beer coolers, a full stage and front and rear patio seating areas.
You can keep the existing concept or bring you own. The newly renovated interior reflects the historic Art Deco style of the surrounding area with a Texas nod to the decadence of the roaring 1920s. The restaurant offers the choice to connect with friends around the bar for sale, observe passers-by along Main Street from the lounge section, admire the athletics in the plaza from the back patio, challenge friends to a game of pool, shuffleboard, corn hole or darts, enjoy music or events on the stage or watch the art of cooking as it occurs through the open-kitchen dining area.
Expect hundreds of customers from the Wayne Ferguson Plaza directly out back which has a free concert series every Tuesday in June and July featuring the “Sounds of Lewisville”. And there's First Friday events every month brining out thousands of locals enjoying the area to this Bar for Sale. Additionally, every Saturday there's “Art Pop-Ups” with the League of Lewisville and art forms including painting, music, performance, etc.
Wayne Ferguson Plaza is a 1.5-acre urban park and community gathering located directly behind this bar for sale. Directly across the street from the park is Lewisville City Hall and the Medical City Lewisville Grand Theater (a 40,000-square-foot public arts center) and is adjacent to the historic Main Street commercial district.
All of that adds up to an incredible future when you buy this Bar for Sale.

About the Business

Location:
Lewisville, Texas
Year Established:
1918
Number of Employees:
14
Real Estate:
Leased
Building Sq. Ft.:
4,300
Rent:
$9,159.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
Walk in freezer Walk in cooler 4 double door refrigerators 1 single door freezer Ice maker 4 foot sandwich cooler 3 foot sandwich cooler 6 foot sandwich cooler Three table top steamers 2 fryers Dishwasher 9 TVs Two 8 foot beer coolers Two 4 foot beer coolers Security cameras Full stage Front and rear patio seating
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
City of Lewisville economic plan 2025
Growth & Expansion:
City sponsors over 100 events literally in our back yard
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About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1664832
Ad Detail Views:
158

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Business Listed by

Robin Gagnon

We Sell Restaurants
License# GA SL327379

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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