Business Summary:
Busy, Popular Lounge & Restaurant with Real Estate on 1.760 acres is for sale for $500,000. Well established business since 1978 with the present ownership in charge since 1993. Many loyal local customers, as well as travelers come to enjoy the services provided by Owner & warm friendly, dependable staff. Entertainment is provided in the lounge 7 nights a week & includes karaoke fun. Value of assets which include all contents of restaurant plus all of the kitchen equipment is approximately $400,000. Value of the real estate is approximately $325,000 This business is close to apartment complexes. Contact Jim Baker: 321-452-3462.
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| Year
Business was Established: 1978 |
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| Number of Employees:
30FT/11PT |
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| Facilities / Terms of Lease:
Located in Odessa, Texas on major highway close to many apartment complexes . Both restaurant & lounge cover an area of 7,390 sq.ft with lots of guest parking. Odessa sits midway between Fort Worth & El Paso & is thriving with new businesses & a booming manufacturing sector Odessa has many great features including a favorable climate, affordable yet upscale housing, highly skilled & virtually union-free labor force & an excellent quality of life. Odessa is also proud to be the home of the University of Texas Permian Basin & Odessa College. The Odessa Development Corporation was created to expand & diversify the industrial base, to bring in new industry & encourage expansion of existing industry. Odessa has a state-of-the-art health care service & because of its strategic location in the heart of West Texas has grown to become the health care hub for surrounding communities. |
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| Potential
Growth/Expansion:
Great potential for expansion by introducing catering, delivery service & other service options to the community. |
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| Competition:
Some competition. |
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| Owner
willing to finance:
Contact for more details |
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| Owner
willing to train:
Owner offers flexible training & support if required by new Owner. |
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| Reason for selling:
Owner is looking forward to retiring. |
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Seller Reference Number: mb778
BusinessMart.com Listing Number: 17657 |
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