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Restaurant/Bar in West Texas for sale in TX

Texas (TX)

Asking Price: Gross: Cash Flow:
$ 1,584,656 $ 2,676,075 $ 442,229

Furniture and Fixtures Value:
$ 795,400 (included in the asking price)

Inventory Value:
$ 9,000 (included in the asking price)

Business Summary:
#1 live music venue in the city - and anything between Lubbock and El Paso. #1 Purchaser & Server of alcohol & beer in the region. Millions of dollars in business deals are brokered here. It's where everybody takes everybody when they come to town. This restaurant fills to capacity most every day at lunch. The Saturday Brunch has turned into the busiest daytime service. It has been proclaimed the #1 breakfast in town. The only place in town where you can get a great lunch, dinner, live music on Friday and Saturday and Karaoke on Saturday night. The patio and porch area can be rented out for wedding receptions, reunions, birthday/anniversary celebrations, etc. - which the restaurant also caters.

 

   
Year Business was Established: 1979
   
Number of Employees: 25ft/10pt  
   
Facilities / Terms of Lease: Leased building at $8,500.00 NNN monthly. 1,400 sq.ft. patio and 4,000 sq.ft. inside facility.  
   
Competition: Ranked #1 in local and surrounding areas. The only live music venue in region.  
   
Owner willing to finance: Negotiable  
   
Owner willing to train: 90 day training period after purchase  
   
Reason for selling: Owner relocating closer to family  
   
Seller Reference Number: 901270
BusinessMart.com Listing Number: 47232
 

 

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For more info contact:

William Bumstead

ABC Advocates Business Consultants
719-846-1020

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