Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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High Volume Sports Bar
(Alcohol Related)
Dallas, Texas
Listed Price: $ 999,000
Listing ID: 000438

Listing DetailsDown Payment: $ 300,000
Gross Revenue: $ 2,056,771
Cash Flow: $ 454,819
FFE: $ 300,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The current owner of the business will provide training as necessary to smoothly transition into the business operation. Owner is also willing to stay for a short duration for an agreed upon wage.


Listing SummaryBusiness Description:

Prime location recently renovated sports bar with 6,900 SF of space is available for acquisition. This business was originally established over a decade ago in 2002 and was later acquired by the current owner of the business in early-2013. As the sheer demand for bars within the area is overflowing, the business in 2016 was renovated and expanded to accommodate the increase of customers. Most of the customers are a well-mix of middle-income individuals of all age groups that are from the surrounding densely populated residential neighborhoods and the various nationwide retailers. Net sales average was $1,800,000/year that has grown tremendously after the recent renovation that expanded the business by an additional 2,000 SF to the current 6,900 SF that can house much more customers and has attracted many customers from untapped areas. Marketing has been done in the past through online ADs and weekly events, but not much proactive marketing has taken place and it’s crucial that this is utilized to reach full potential. There are numerous marketing options that can be utilized such as direct mailing, student discounts, additional event, hiring additional staff, radio ADs, and word of mouth that have already brought massive amounts of new customers. Word of mouth is the primary source of marketing that this business has depended on since establishment due to the constant flow of customers this business receives on a daily basis. There are numerous products that range from various appetizers, salads, brunch, omelets, sandwiches, burgers, pizzas, chef specials, and desserts. This sports bar is projected to generate much more revenue this year from the increase in square footage and proactive marketing from the right potential buyer.


Competition:

Few competitors are within the immediate market area, but none of the bars nearby has as much high volume as this business as well as the area is overflowing in demand for this industry.


Potential Growth:

Some marketing is done through internet ADs and promotional events, but other forms of proactive marketing are crucial to growing this business further in sales and customer acquisition.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 6900
Facilities:

This business is located in a 6,900 SF retail strip center that has numerous amounts of nationwide retailers beside the business and the area is known for its super dense population. All equipment is in impeccable condition and in working order.


OperationYear Established: 2002
Employees: 9FT/6PT
Absentee Owner: No