Profitable Lewisville Neighborhood Bar and Grill 19806

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Many growth opportunities
Asking Price:
$99,000

Gross Revenue:
$513,487
Cash Flow:
$81,465
EBITDA:
$81,465
Inventory:
$8,000
included in asking price

FF&E:
$60,000
included in asking price

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Business Description

Cash business, Excellent Books, Seller owns Pool Tables

MegaBite Restaurant Brokers LLC offers, for your ownership consideration a neighborhood bar and grill in Lewisville, Texas. The business provides a very comfortable environment where guests can enjoy great food and beverages, along with entertainment including karaoke! The grill offers typical bar fare such as burgers and fries. The business owns all the vending, pool tables, ATM and Jukebox. The bar has a high-end sound system allowing Karaoke or DJ music to be played inhouse; there is no need to hire outside entertainment. The neighborhood bar and grill has developed a loyal and dedicated clientele (typically blue-collar workers, aged 30’s - 50’s) with many growth opportunities for an owner-operator.
THE OWNER FEELS THAT THIS IS THE BEST PRICED PROFITABLE BAR ON THE MARKET, WITH EXCELLENT GROWTH OPPORTUNITIES FOR A NEW OWNER !!
The asking price for the assets of the business is $99,000 ALL-CASH or $150,000 with $75,000 down and $75,000 seller-financing seller financing to a qualified purchaser, subject to seller’s approval. The seller prefers to sell for ALL-CASH. The assets include inventory at cost of $8,000 and FFE (Furniture, Fixtures and Equipment) valued at $60,000.
We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information.
KEY WORDS: nightclub lounge martini beer whiskey liquor alcohol craft billiards pool bartender Sell my neighborhood bar For Sale

About the Business

Year Established:
2005
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
3,400
Lease Amount/Mo.:
$6,400.00
Facilities:
The business is located in a stand-alone building on approximately ~0.8 +/- Acre lot. The business consists of ~3,400 +/- SF offering inside seating plus covered patios for outside seating. The floorplan consists of a karaoke/dance/music area, main bar seating, back seating area, large open walk-up bar, medium kitchen-prep area, dry storage, restrooms, one working walk-in cooler, liquor storage room, small office. The covered patio has roll-up garage doors, providing direct access to the bar. The base rent is ~$5,100/month + CCC for a total of $6,400 per month. CCC or “Common Cost Contribution” is $1,300/mo and adjusted annually).
Market Outlook/
Competition:
The bar and grill industry is very competitive and this bar and grill is no exception. The local market has a range from small local mom & pops to large chains. HOWEVER, the Owner feels that no area bar offers the food/drink quality, entertainment, atmosphere, patios, sheer enjoyment of this business.
Growth & Expansion:
This is a strong location with high volume and excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Add heaters on the Patio (approximate cost $2k), 2) Add marketing to build day sales, 3) Consider improving the building exterior, 4) Create a social media following on Facebook and boost posts for events, karaoke and music, 5) Local marketing and promotion
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About the Sale

Reason For Selling:
Relocation
Training/Support:
The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 3 weeks included in the purchase price. The seller is willing to remain for a longer period of time for an additional $650/wk.
Seller Financing:
Price $99,000 ALL-CASH or $150K with $75k down and $75k Seller-financing

Listing Info

ID:
1485334
Ad Detail Views:
229

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Sponsoring Broker:

Jeff Adam
Adam Noble Group, LLC

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