Uptown Dallas bar semi-absentee owned w/ profit < $120K/year

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Uptown Dallas bar semi absentee owned profit 120K yearly
Asking Price:
$239,000

Gross Revenue:
$600,000
Cash Flow:
$120,000
EBITDA:
$120,000
Inventory:
$10,000
not included in asking price

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

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Business Description

Current monthly sales is $50,000 to $60,000. Owner’s monthly profit is $10,000 on average although both owners are operating this business semi-absentee. If continued being run in this fashion, sales has potential to reach the $100,000 mark. Located only 2 miles away from SMU, this sports bar is a favorite sport watching & celebrating destination for many sport fan groups, including Georgia, Dallas Cowboys, and Texas A&M. You must see to believe that this is a very rare opportunity for you to own one of the most popular, successful, and profitable dive bar in Uptown Dallas. Owner has recently received a decent offer, but would like to sell this primely located Uptown sports bar to any buyer who is first in meeting the minimum selling price of at least 2x Owner’s annual profit.

This listing is only for the Uptown bar. Owner is selling both of his bars, including another near Addison, to exit a business partnership. Buyer who acquires both sports bars in Owner’s portfolio will be given an instant discount.

About the Business

Location:
Dallas, Texas
Year Established:
2017
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
2,004
Rent:
$7,668.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
Prime location in Uptown Dallas.
Market Outlook/
Competition:
Since grand opening, it has taken away many businesses of its neighbors, such as Capital Pub (which was closed down as a result), and continues to grow its local supporter base.
Growth & Expansion:
1) With a group of creative, friendly, and cooperative staff, sky is the limit for new owner of this sports bar. Please review the business’ online review to know the excellent level of customer service & retention these employees have done.
2) With an additional budget of $700K, you could also look into acquiring Owner’s 2nd flagship bar near Addison. This acquisition will enable the new owner to own 2 successful sports bar units from the get go.
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About the Sale

Reason For Selling:
EXITING BUSINESS PARTNERSHIP
Training/Support:
2 business weeks

Listing Info

ID:
1634472
Ad Detail Views:
2002

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Business Listed by

CANA PHAM

CANA PHAM

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