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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Free Standing American Bar & Grill with Real Estate
(Restaurants)
Dallas, Texas
Listed Price: $ 750,000
Listing ID: 000841

Listing DetailsDown Payment: $ 150,000
Gross Revenue: $ 988,725
Cash Flow: $ 179,176
FFE: $ 100,000 (Included in Price)
Real Estate: $ 550,000
Inventory: $ 8,000 (Included in Price)
Reason for Sale:

New opportunities. The owner resides out of state.


Training & Support:

The owner of both businesses will provide the necessary training needed to smoothly transition into the business operations.


Listing SummaryBusiness Description:

Prime location high volume American bar & restaurant with real estate in Geary County, Kansas is available for acquisition. The restaurant is located in a city in the county seat of Geary County, Kansas. The full-service restaurant & bar was established by the owner of the business in 2013. This American restaurant is in a 4,303 SF space of a freestanding building that is located next to major highway nearby heavy industrial area and military bases as well as lots of hotels and densely populated residential areas. Most of the customers are Caucasian individuals and families from nearby small businesses, the densely populated residential neighborhoods as well as from nearby large military bases. There are 2 direct competitors serving bar & grills found in the immediate market area. One of the major competitors has announced the closure of the business at the end of April in 2019 which is highly expected to help the immediate sales increase of the business. The business is located in a prime location with great visibility and gives customers easier access to the restaurant compared to other competitors and also serves superior products in quality. The menu of the American bar & restaurant consists of many traditional American cuisines such as fried chicken, grilled chicken, chicken fried steak, grilled fish, appetizers, burgers, wings, sandwiches, salads and much more. The restaurant has a reward program that you receive one point for every dollar you spend on food or alcohol. The restaurant has been well-positioned in the immediate market area and has been successfully operated with consistently increasing revenue for the last several years. Gross sales average for this American restaurant has been in the range of $900,000 to 1,000,000/year. Although some marketing is in place through their website, social media outlet, and specials, other proactive marketing methods need to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. Marketing can be done in various ways to increase the cash flow of this business such as direct mailing, coupon, in-house delivery service and catering service for large parties. Owner involvement is critical to the business in order to generate more revenue since the current owner doesn't have enough time to allocate towards proactive marketing or any of the restaurant operation. This is a great opportunity to acquire a prime location American bar & grill restaurant with real estate for a potential buyer who is willing to be more hands-on in the day to day operation and proactive marketing to reach out to untapped areas of the city.


Competition:

The restaurant is located in a prime location with great visibility to access easily to the business than other competitors in the immediate market area.


Potential Growth:

Marketing is being done to some extent at the current time, mainly through online marketing such as website and social media outlets like Facebook. Proactive marketing is absolutely needed to grow the sales further as well as reaching out to customers within untapped areas of the business.


Financing/Terms:

20% Cash Down with SBA Financing for Qualified Buyers or Seller is willing to owner-finance up to 50% of the final purchase price to qualified buyer.


LocationSquare Footage: 4303
Facilities:

The business is located in 4,303 SF freestanding building next to intersection nearby densely populated residential neighborhoods and large military bases. All equipment is in impeccable condition and in working order.


OperationYear Established: 2013
Employees: 20FT/15PT
Absentee Owner: Yes