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Texas Restaurants Business For Sale 26506

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Restaurants Businesses For Sale
UNION BAY GROUP
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103
UNITED STATES

p.2067831717
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Category: Restaurants SIC:
Detail: N/A Price: $1,850,000
County: Down: $1,665,000
State/Prov.: TX Adj Net: $350,000
Country: USA Sales: $2,400,000
Relocatable No Home based No Franchise No Lender pre-qualified No
MegaBite Restaurant Brokers LLC offers, for your ownership consideration a well-established, scalable old world pub offering excellent full-service foods and beers. The restaurant features beer and foods that are regularly changed with seasons, community events and trends. The loyal and dedicated customer base comes from two distinct groups: nearby businesses and local residences. Businesses provide a strong happy hour and lunch crowd and the local residents round out solid dinner and weekend sales. Special food events and beer tapping attract both local and destination customers, plus the business is located along a high traffic count road.

Nearby businesses are high income earners and an educated group that focuses on hobbies (beer and food) that are more cerebral and frequent locations that are cozier (pub) than ?meat-market? bars. Local residents can afford the high cost of area housing and tend to consume a higher proportion of their meals outside of the home due to time constraints (longer work times, kids, other responsibilities).

The pub is famous for its beer, food, service and atmosphere. The restaurant is well-established with strong management in place. Many growth opportunities exist to expand the current business, increase profits and build catering.

The owner feels that a major advantage over competitors is the seniority and experience of their employees. The owner states that the management and kitchen team are professional, well-experienced and are a major asset to the company. The customers are happy with the service and food. The owner feels that they can be replaced by a hard-working owner who is dedicated to the company. The owner states that the landlord will offer a long-term lease plus renewal options to a qualified tenant. The business has EXCELLENT books and records.

The asking price for the assets of the business is $1,850,000 with $500,000 down and SBA bank financing to a qualified purchaser. The Seller will consider up to $185,000 seller financing to a purchaser qualified and approved by the Seller. The assets include inventory at cost of $30,000 and FFE (Furniture, Fixtures and Equipment) valued at $110,000.

We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information

KEYWORDS: pub sportsbar beer whiskey liquor alcohol craft beer garden draft craft billiards pool grill taproom roadhouse rathskeller alehouse gin mill saloon barroom lounge public house hostelry tavern inn local neighborhood lounge country microbrewery brewery bartender monty python cowboys rangers dallas stars NFL NBA Soccer NHL ESPN games superbowl stanley cup Sell my pub Restaurant For Sale

Facilities:The restaurant consists of ~4,468+/- SF offering inside seating plus patio for outside seating. The floorplan consists of multiple open dining areas, large open walk-up ordering/service area, large open fully-equipped kitchen-prep area, office, dry storage, restrooms, walk-in coolers, bar area, open kitchen. Facility is leased for $14,162/mo +NNN. The landlord will offer a long-term lease plus renewal options to a qualified tenant.

Competition:The food service industry is very competitive, and this pub restaurant is no exception. The local market has a range from small local mom & pop?s to large international food chains. HOWEVER, the Owner feels that no area restaurant bar offers the food quality, entertainment, atmosphere, patio, capacity and sheer enjoyment of this business.

Growth & Expansion:This is a strong location with high volume and excellent potential. A new owner can continue to grow the business and profits in several ways including 1) continuing the current, effective marketing program, 2) social media marketing including Facebook, Yelp, etc, 3) email marketing, 4) expand catering, 5) expand/promote patio, 6) scale business models to other locations and geographic markets

Financing:Price $1,850,000: $500k dn, bank financing, up to 10% Seller financing

Support & Training:The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 4 weeks included in the purchase price. The seller is willing to remain for a longer period of time, in a consulting role, if desired by a purchaser, at mutually agreed compensation.

Reason for Selling:Retirement
A/R: Real Estate: $
Inventory: $30,000.00 Other Assets: N/A
FF&E: $110,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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