Buy a Bar in Fort Worth TX 001446
Price: $1,150,000
Location: Tarrant County, Texas
Industry: Restaurants & Food/Bars, Pubs & Taverns
Listing ID: 001446
Buy a bar! An established one of a kind bar in Fort Worth, TX is now available for acquisition. This bar has been a popular nightlife destination since its founding in 2014. Known for its vibrant atmosphere enhancing the social experience for guests. The bar includes an indoor heated pool, retractable roof, and a dedicated shot bar, offering a wide range of beverages to cater to all tastes.
Located in a bustling entertainment district, the venue attracts significant foot traffic due to its proximity to luxury residences and a variety of dining options. With convenient public parking nearby, it is highly visible and easily accessible for both locals and visitors.
The bar spans two buildings with ample space, including a spacious patio area surrounded by greenery, allowing for a year-round enjoyable experience. It ranks among the top bars in beverage sales in its competitive area, thanks to the shot bar, along with the unique interior design and features. Competition is limited due to recent rezoning which prevents new competitor openings.
Effective use of social media has helped the bar build a loyal customer base, and it benefits from a strong online presence. With the completion of a nearby luxury hotel, growth potential is substantial. Future owners may also consider introducing food options or leasing the existing kitchen to a local chef to enhance revenue.
The bar is currently owner absentee with a General Manager (GM) in place, who effectively manages the operations. This bar represents a rare opportunity for a qualified buyer to step into an established bar poised for continued success.
Down Payment: $350,000
Total Sales: $1,157,146
Cash Flow: $200,217
Inventory: $30,000 (Included in listed price)
FFE: $250,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The owner will provide ample training for a smooth transition into the business.
Year Established: 2014
Employees: 1FT/14PT
Absentee Owner: Yes
Square Footage: 9,931 SF
Facilities Information:
Located in one of Tarrant County's vibrant entertainment districts, this bar benefits from a prime location surrounded by upscale residences and various dining options, attracting a steady flow of visitors. With convenient public parking nearby, it is easily accessible.
The venue includes two buildings and a spacious patio area, offering plenty of space for patrons to enjoy. The inviting outdoor and indoor settings with a retractable roof provide a unique year-round experience.
Competition:
This bar ranks among the top-performing bars within a 3-mile area containing numerous bars. It stands out due to its spacious indoor and outdoor areas, and unique party theme atmosphere. Recent rezoning and development have also limited new competitors, enhancing its market position.
Potential Growth:
With the completion of a nearby luxury hotel, growth potential is substantial. Future owners may also consider introducing food options or leasing the existing kitchen to a local chef to enhance revenue.
Financing/Terms:
100% cash at closing or SBA financing with 25-30% cash down available for qualified buyers.
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