High Volume Bar & Grill in High Income Neighborhood with Real Estate

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Asking Price:
$1,499,000

Gross Revenue:
$1,522,442
Cash Flow:
$252,633
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Description

Prime location English Pub & Grill including real estate is available for acquisition. Established in 2014 and acquired in the same year by the current owner of the business. This business is 3,690 SF and the land size is 42,688 SF along with a large patio in the front of the business providing fantastic scenery of the mini look-down garden built onto this patio. Few competitors are within the immediate market area, but this bar has a very unique style while offering various menu items to accommodate each alcoholic beverage selection which in-turn provides consistent sales each year of operation. Upper middle class individuals are the majority of the customer base as this business is located in one of the richest counties in Texas and also one of the fastest growing cities. Ample seating is provided enough to hold 175 individuals inside, 50 in outside patio, and 80 in garden in the back. The building is placed in the hub of this fast growing city. Sales since the establishment in 2014 have been a consistent $110,000-120,000 per month with continued growth in 2018. Proactive marketing is needed to truly reach the potential sales that this business is currently missing as the owner absentee. Billboard advertisement is used each month to bring in customers from various areas of the city and for other non-locals to come visit this English Pub. In the near future, more parking space and online advertisement could prove extremely beneficial to the growth of this operation towards other areas than the one that this business resides in. A full-time owner would also account to more cash flow as the owner would replace certain employee tasks to his/herself to reduce payroll expenses. This pub provides accommodations such as varieties of beer, wine, liquor, burgers, fries, Tex-Mex, sandwiches, soups, salads, and desserts. This business is already well-known around the local area and needs just a little more proactive work from the owner to truly reach its potential and grow the sales.

Listing ID #000662
For more info, please call Moon Kim at 1-866-519-2421.

About the Business

Location:
Rockwall County, Texas
Year Established:
2014
Number of Employees:
15FT/26PT
Real Estate:
Owned
Building Sq. Ft.:
3,850
Facilities:
Located in a 3,850 SF building with a land size of 42,688 SF along with very ample parking space which could be expanded in the future. Large patio is in the front of the business with a nice view along with a mini look-down garden built onto a well-made two story building. All equipment is in excellent condition and in working order.
Market Outlook/
Competition:
Few competitors are within the immediate market area, but due to the area housing many upper class individuals there's is no issue in bringing in customers.
Growth & Expansion:
Proactive marketing is needed to further grow the business and well as an extension of the parking area. A billboard is currently used to market this business towards the drivers on the road.
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About the Sale

Reason For Selling:
Other Opportunities.
Training/Support:
Owner will provide training during a 4 week period for a smooth transition into the business.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1575229
Ad Detail Views:
0

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Rockwall County, TX
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Rockwall County, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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