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Well-established Neighborhood Sport Bar & Grill for sale in Mid-Cities, TX

Mid-Cities, Texas (TX)

Asking Price: Gross: Cash Flow:
$ 450,000 $ 1,346,887 $ 195,904

Furniture and Fixtures Value:
$ 75,000 (included in the asking price)

Inventory Value:
$ 15,000 (included in the asking price)

Business Summary:
Well-established sports bar & grill with strong customer base is available for acquisition. This business was originally established half-a-decade ago in 2012 by the current owner of the business. Few competitors are within the immediate market area, but the price point of the competitors is too steep to attract customers as this business provides a more affordable and high quality menu. Most of the customers are Caucasian individuals and families that are from the surrounding densely populated residential neighborhoods as well as oncoming traffic from the nearby highways. Net sales average has been $1,100,000-1,300,000/year that has been steadily increasing over the last several years of operation due to the fantastic price point of the menu and social media outlets. Marketing was done in the previous years through print ADs that has discontinued, but other forms of active marketing is needed to truly reach the areas where the untapped customers are residing as well as generate more cash flow. Reaching out towards every potential customer can easily be made possible through direct mailing, expanding the patio area, extending operation hours, weekly specials, student discounts, senior discounts, and cold calling potential catering customers. The plan for expanding the patio is already drawn and can easily be implemented to increase seating capacity as well as the creating a better atmosphere for customers. Permit for the outside patio has already been approved by the city and can easily be built by the potential buyer as the plan is already drawn out to fully utilize. Their bar menu has a wide selection of items that range from AYCE lunch soup/salad buffet, appetizers, sandwiches, Asian entrees, Mexican entrees, Latin dishes, pasta, burgers, desserts, and a specialty menu. This is an opportune time for a potential buyer to acquire this already well-established bar that can easily generate more cash flow with more owner involvement and proactive marketing efforts.For more info, please call Moon Kim at 1-866-519-2421.

 

   
Year Business was Established: 2012
   
Number of Employees: 18FT/7PT  
   
Facilities / Terms of Lease: This business is located in a 6,000 SF retail strip center surrounded by numerous nationwide retailers and is next to a cluster of major highways. Being occupied in a retail end-cap space with outside patio makes its visibility very easy. All equipment is in impeccable condition and in working order.  
   
Potential Growth/Expansion: Proactive marketing within the local area was previously done couple years ago, but this business will need to recommence their active marketing to reach untapped areas within the city.  
   
Competition: Some competitors are within the immediate market area, but this business has a more affordable price point than the competition which attracts many families from the area.  
   
Owner willing to finance: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.  
   
Owner willing to train: The owner of the business will provide the necessary training to smoothly transition into the business operation.  
   
Reason for selling: Other Opportunities  
   
Seller Reference Number: 000470
BusinessMart.com Listing Number: 232884
 

 

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For more info contact:

V-AID Group

www.v-aidgroup.com
866-519-2421

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