Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a RESTAURANT or BAR CONVERSION OPPORTUNITY. The location is currently a newly-established upscale dinner club with live jazz in Irving, Texas. Guests will enjoy live music, full menu, open bar, dance floor, private lounge, patio area, plush surroundings and delicious food. The restaurant is located in a strip center on an outside corner and consists of ~3500 SF with a patio. It has an open bar, two separate lounge rooms, a 3rd private cozy lounge, dance floor, raised live music stage (~15'x20'), large fully-equipped kitchen and prep area, ~14x8 walk-in cooler, dry storage, restrooms. The owner leased the current space in 2010, converted from a Mexican restaurant, renovated, purchased new equipment and opened the current concept Sept 2011. He built the business by creating a great atmosphere offering excellent music, delicious food and drinks, all prepared and served by attentive staff. The owner plans to relocate to Houston and open a new business venture. The asking price for the assets of the business is $80,000 or BEST OFFER. The seller prefers ALL-CASH but is willing to finance to a qualified buyer. The assets include inventory at cost of $5,000 and FFE (Furniture, Fixtures and Equipment) valued at $42,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The restaurant is located in a center on an outside corner and consists of ~5000 Sq. Ft. with a large patio. It has an open bar, two separate lounge rooms, a 3rd private cozy lounge, dance floor, raised live music stage (~15'x20'), large fully-equipped kitchen and prep area, ~14x8 walk-in cooler, dry storage, restrooms. ~3,500 SF space is leased @ ~$4856/month including NNN thru July 2013
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1. Open for Lunch promote to Baylor Hospital and large area businesses, 2. Promote at DFW Airport, 3. Promote Jazz club to local Hotels, 4. Promote on Radio, 5. Bring in Live Bands, 6. Add Karaoke, 7. Add Comedy on Thursdays
Reason for Selling:
Business opportunity in another city.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: