Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Prime Location High Volume Local Pub with Patio
(Alcohol Related)
Tarrant, Texas
Listed Price: $ 450,000
Listing ID: 000557

Listing DetailsDown Payment: $ 225,000
Gross Revenue: $ 1,347,788
Cash Flow: $ 173,860
FFE: $ 220,000 (Included in Price)
Inventory: $ 8,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

A prime location in Northeast Fort Worth sports bar that plays live music during the weekends and has a large dance floor is available for acquisition. This business was originally established over half a decade ago in 2011 by the current owner of the business. Competition can be expected for this type of business, but this sports bar has a live band perform during the weekends and a large dance floor that other competitors can't provide. Most of the customers are middle to upper-class individuals that live in the surrounding densely populated residential neighborhoods and has a lot of foot traffic from the nearby nationwide grocery chain. Net sales average was $1,200,000/year that has been consistent throughout the last several years of operation without much active marketing done other than social media outlets and word of mouth. Social media outlets have provided ample amount of marketing that has allowed this business to obtain consistent sales, but other proactive marketing methods are needed to reach full potential and generate more cash flow. There are many ways to proactively market this business such as direct mailing, student discounts, coupons, daily specials, weekly deals, happy hour, 3rd party delivery service, door hangers and more live events. The huge dance floor is placed within the business that is utilized mostly during the weekends and isn't fully utilized during the weekdays. Replacing the dance floor with more seating areas during the weekend may help grow the sales of the business by expanding capacity. Various menu items are provided at this business that can range from appetizers, soups, salads, wraps, hamburgers, pizza, wings, sandwiches, tacos, fried basket and desserts. This sports bar has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

Few competitors are within the immediate market area, but this business has superior amount of inside space that utilizes live bands on the weekends and has a dance floor that attracts many young adults.


Potential Growth:

Some marketing is done by social media, but other forms proactive marketing is needed to generate more cash flow and acquire new customers.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 8300
Facilities:

This business is located in 8,300 SF retail strip center that is surrounded by many retail businesses that attracts huge traffic to the popular retail strip. All equipment is in impeccable condition and in working order.


OperationYear Established: 2011
Employees: 10PT
Absentee Owner: No