Sports Bar for Sale in N Dallas with Consistent Growth 001413
Price: $2,390,000
Location: Dallas County, Texas
Industry: Restaurants & Food/Bars, Pubs & Taverns
Listing ID: 001413
Sports bar for sale! A well-established neighborhood bar and grill situated in a bustling North Dallas location is now available for acquisition! First established in 2002 and acquired by the current owner in early 2013, this local bar has become a beloved spot for both long-time patrons and newcomers. With a fun and welcoming atmosphere, this sports bar offers several large screens for sports viewing, pool tables, game machines, a full bar and kitchen, and friendly service.
For over 20 years, this sports bar has built a strong reputation with a loyal customer base. The spacious 6,900 sq. ft. bar and grill, renovated and expanded in 2016, was positively received and attracted new customers from untapped areas. The bar serves a variety of beer, wine, liquor, and mixed beverages, while the kitchen offers an extensive menu of brunch and classic American bar bites like burgers, nachos, wings, pizza, soups, salads, and a daily dessert selection. Entertainment options include live DJ performances, karaoke, multiple large screens for sports, pool tables, and game machines.
This bar boasts a diverse clientele between 30-50 years old, middle to high-income levels, with variations depending on the time of day. The business has a healthy online and social media presence with positive reviews on Uber Eats, Grubhub, Google, and Yelp. There is potential for further growth through enhanced marketing strategies such as direct mailing, student discounts, additional events, and radio ads. Since the 2016 renovation and expansion, revenues and earnings have doubled and continue to grow consistently.
The owner actively oversees daily operations, maintaining a hands-on approach by supervising various activities. Presented with other opportunities, the owner is seeking a qualified buyer to take over this established bar and grill. Don’t miss this chance to acquire this lucrative business opportunity, a thriving and beloved establishment with consistently growing revenues, a strong community presence, and ample growth potential.
Down Payment: $500,000
Total Sales: $3,403,867
Cash Flow: $1,086,820
Inventory: $20,000 (Included in listed price)
FFE: $125,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The current owner of the business will provide training as necessary to smoothly transition into the business operation. The owner is also willing to stay for a short duration for an agreed-upon wage.
Year Established: 2002
Employees: 19FT/28PT
Absentee Owner: Yes
Square Footage: 6,900 SF
Facilities Information:
This business is situated in a spacious 6,900 sq. ft. facility within a busy retail strip center in North Dallas. The surrounding nationwide retailers generate high foot traffic, benefiting the establishment. The location features prominent signage visible to heavy traffic on a major roadway, enhancing its visibility. All equipment is in excellent condition and fully operational.
Competition:
There are few competitors in the immediate market area, but none match the high volume of this business. Moreover, the area exhibits high demand for this industry.
Potential Growth:
This bar and grill presents significant growth opportunities for a new owner. By implementing enhanced marketing strategies, introducing seasonal menu items, and offering catering services, additional revenue streams can be attracted. Substituting low-volume menu items with higher-priced options has the potential to boost overall revenue. Charging cover fees during major sporting events could further bolster income.
Financing/Terms:
100% cash at closing or 20% cash down with SBA financing, available for qualified buyers.
