Profitable bar in Dallas-Addison + side income – Biz visa opportunity

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Profitable bar in Dallas-Addison with side income and business visa opportunity
Asking Price:
$799,000

Gross Revenue:
$1,729,397
Cash Flow:
$251,777
EBITDA:
$251,777
Inventory:
$35,000
not included in asking price

FF&E:
$350,000
included in asking price

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Business Description

This is a BROKER's listing; please do NOT submit an inquiry for this business if you do NOT intend to:
1) Sign a Confidentiality agreement (a.k.a. Non-disclosure [NDA]);
2) Respect FRANCHISOR's business confidentiality by not disclosing Business info to a third party;
3) Make advanced appointment/notify BROKER of your approach of FRANCHISOR.
4) Other brokers/agents please identify and request a co-brokering agreement on your 1st contact of Listing BROKER.

Nearly $2 million in sales and over $200K in Owner’s profit speaks volume about this business establishment, which serves excellent American scratch-kitchen bar and grill food & offers delivery services.
Rated 4 stars online by reviewers, this business is a favorite hang-out destination with local supporters and has garnered a significant loyal customer base since its establishment in 2012.
On the virtual side, the business is represented by a professionally designed website. On the entertainment side, the business earns returned customers not only for the good food it serves, but also for providing a fun atmosphere with table games (such as billiards, poker), and arcade games. It hosts fans of Buffalo Bills, pool league 3 days/week, domino league 2 times/week, UFC boxing fans, and golf charity tournaments (just to mention a few).

About the Business

Location:
Dallas, Texas
Year Established:
2012
Number of Employees:
11
Real Estate:
Leased
Building Sq. Ft.:
6,990
Rent:
$15,000.00 Per Month
Lease Expiration:
8/31/2028
Facilities:
Bar was recently renovated in 2015 – 2016.
Reasonable rent.
Market Outlook/
Competition:
1) Business website was customized to Owner’s preference with sport / tournament schedules for customers convenience of celebrating.
2) Not too many bar-&-grill premises in town has an excellent combination of food and games. This business stands out as one of a few that local could name. Online ratings speak for the business’ quality and performance.
3) Owner is highly experienced in training courteous, friendly staff and good cooks, who maintains food consistency since the restaurant opened for business.
Growth & Expansion:
Due to having to manage multiple businesses, the current owner dedicates no time to advertise the business. Serious buyers who want to bring this business to the next level could help sales peak and exceed $2 million/year by launching online and local promotions to attract new crowds of sport fans.
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About the Sale

Reason For Selling:
PURSUING OTHER BUSINESS INTEREST
Training/Support:
Standard 14 business days
Seller Financing:
Up to $150,000 in Seller finance

Listing Info

ID:
1662976
Ad Detail Views:
596

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Business Listed by

CANA PHAM

CANA PHAM

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