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BUSINESS FOR SALE - PROFILE #  42060216

Upscale Bar & Restaurant
East Texas near Tyler

Asking Price: $849,000   Down Payment: $849,000  
Gross Revenue: $877,531   Adj. Cash Flow*: $93,247  
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Executive Summary
We are pleased to represent an upscale, artisan designed Restaurant & Bar in a community outside of Tyler Tx. This building was designed & built by the ownership with amazing attention to detail. The ambiance of the restaurant is "rustic chic" and stays true to its East Texas roots. There is a stage within the restaurant & bar area for live entertainment which is scheduled every weekend.
The Restaurant & Bar while situated in a small community, does draw from the nearby lake developments and from the more populated nearby cities and towns. In its first full year, the business totaled over $800,000 in revenue. This business is being positioned with the land & building and the only reason why the ownership is selling is the restaurant & bar hours is a conflict with the time required for their other businesses as well as becoming first time parents to a newborn. This is a business and real estate play that must be seen to have an appreciation for the investment opportunity. To learn more about this opportunity, either submit the submission of interest through this site or email Jeff Goldblatt at jeffg@vrdallas.com

Acquisition Highlights

  • Beautifully designed Restaurant & Bar that provides live entertainment on the weekends. The owners have mainly marketed the business through their website, social media and "word of mouth".
  • Closed Monday & Tues, open for lunch and dinner as well as after dinner bar hours.
  • First year revenue at $877,000 and $93,000 profit surpassed the ownerships expectation.
  • The building sits on 1,2 acres and was built in 2016 by the current ownership. The Restaurant & Bar is two levels as there is a private loft area that is used for private parties and for higher price entrance fees when they have a bigger name musical act booked.
  • The building was conceived & built in 2016 and opened the doors in December 2016. It is a young business that has absorbed a lot of the first year expenses & mistakes in 2017, thus the future to grow revenue & profit is bright.
  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Inventory:
Employees: 14 FT, 2 Mgrs Furniture, Fixtures & Equipment:
Real Estate: $550,000 Included
    Total Assets Included in Sale: $550,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Larry Lane
Phone:  (214) 733-8282
Fax:  (972) 542-7644
E-mail:  llane@vrdallas.com
VR Business Brokers - North Dallas, TX
17950 Preston Rd. #760
Dallas, TX 75252
www.vrdallas.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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