Bar and Grill

Lubbock, TX
Lubbock County

Lubbock County

Asking Price: Annual Revenue:
$575,000 $879,203

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Bar and Grill Broker: David Powell

Quick Facts

Asking Price: $575,000
Annual Revenue: $879,203
Net Profit: Not Disclosed
Cash Flow: $208,622
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 8
BBN Listing #: 52164955
Broker Reference #: 6002-14520

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Business Overview:

Outstanding and profitable established neighborhood Bar & Grill where locals come to relax and socialize after a hard day’s work or enjoying the weekend with friends and family. With an excellent reputation, this 38-year-old establishment is dedicated to providing a great social experience while serving from a homemade food and drink menu. It enjoys a loyal clientele by providing a friendly and welcoming, casual setting for people to enjoy each other’s company and great food/beverages. Owners have recently upgraded equipment, increased entertainment and have excellent customer service.

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Property Features and Assets:

The bar/grill occupies 2,800 sq ft of leased space. Monthly lease through 2021 includes a 3-year option, current lease amount $3,400. Location has great visibility and ample parking. Building has cameras in place, alarm with motion sensor, owner recently replaced all kitchen equipment, added new smoking filters, 2 brand new pool tables, new point of sale system, jukebox, video game machine and cigarette machine. Bar hours are 11:00 am-2:00 am Monday-Saturday and 12 pm-2 am on Sunday. Kitchen hours are 11:00 am-10 pm Monday-Saturday. Total Assets: $45,000.

Market Competition and Expansion:

Opening the kitchen for Sunday game day brunch specials on Sunday and extending late night appetizer hours could potentially add to the growth of food sales. Look ahead at local events happening in town and offer coupons for specials to the crowds. Contact local media outlets and get connected with “Features” and “News” letting these reporters know that you are available to provide commentary on stories related to local food and bar business. Invite a charity in one night a month and donate a certain percentage of the bartender’s tips and the liquor sales to that charity. The charity will promote the event on to their contacts and boost business. Schedule more promotions including events, discounts, and theme nights. Offer sport-themed drink specials, price cuts based on home team performance, have a jersey night, bring a friend half off specials for certain time frames, Free pick a jukebox hit hours, raffles, frequent visitor, pool competitions, musical trivia and billiard nights. Keep an updated events calendar with coupons, etc. on website.

Reason for Selling:

Owners want to relocate to Colorado near family.

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.

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