Restaurant / Bar
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $145581
Net Profit / Cash Flow $43481
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 4 - 5
Inventory 42000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Reason for Sale Other business interests.
Description This profitable restaurant and bar halfway between Dallas and Houston, Texas, has good profitability and an incredibly loyal customer base. About 95 percent of its customers are regulars from the local community and within a 30-mile radius. They come for the great food, which includes pizza, pasta, salads and appetizers. They also come for the relaxed atmosphere and friendly employees, whom have been with the company for years. The business has a full-service bar and is the only establishment in the area with alcohol. It hosts special events, such as karaoke nights and seasonal parties. The locals take such pride in the place that some have even donated or loaned their personal items for the bar's decor.
A new owner easily could increase already strong gross revenue by advertising and expanding hours of operation. It currently advertises only in a local flier and gets new customers through referrals. A new owner could open the business seven days a week, rather than the current four days a week. The restaurant also could serve breakfast and lunch, instead of just dinner.
The restaurant and bar are located in a 2,700-sq-ft building. The steel building has a built-in fireplace in the bar, separate air conditioning and furnace units in each section, ceramic tile flooring in the restaurant and two sets of bathrooms, one of which is ADA compliant. The site has a 140-sq-ft storage building. The business is on a country road just off I-45. The community is near one of Texas' largest lakes, which draws in tourists and seasonal residents. The area is seeing growth as new subdivisions are going in near the restaurant. The owner is willing stay on after the business sale for one to two months to facilitate a smooth transition. Contact for more information on this Restaurant / Bar for sale.
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