Trendy cocktail bar and restaurant-Great location

Dallas, TX
Dallas County

High traffic area close to downtown Dallas


Asking Price: Annual Revenue:
$225,000 $600,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Trendy cocktail bar and restaurant-Great location Broker: Aaron Evans

Quick Facts

Asking Price: $225,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: TX
Year Established: 2011
Employees: 10
BBN Listing #: 863558004
Broker Reference #: Not Disclosed

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Business Overview:

Trend setting cocktail bar and restaurant with full kitchen, established in 2011. Easily accessible and centrally located, this bar is in a mixed-use complex with over 200 apartments, bars, restaurants, and a movie theatre. Positioned on the gorgeous Katy Trail extension and between two office towers – big opportunity to serve the local lunch crowd. Renovated in 2018-2019, with all new furniture, new range, new fryer, new refrigeration, and new ice maker. In addition, high efficiency HVAC units installed in May 2019. Proven to be successful, but lots of opportunity for growth in this high traffic area close to Dallas’ premier university and boutique hotels.

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Property Features and Assets:

Only a few miles from Downtown Dallas in a high traffic area, close to a rail station. Located close to apartments, a university, office towers and more. In 2018, the equipment and HVAC was updated. Rent is a base with a sales and marketing percentage. Currently in the $7,500 to $8,000 range a month.

Market Competition and Expansion:

Currently, the business is only open from 4pm to 2am daily. Offering a high quality, affordable lunch menu could drive an increase in sales. There are other chain restaurants/bars in the area but this location is unique with it's vibe, cool drink selections and interesting menu options. A new owner could bring new energy and expand what is already there. Good staff and management team in place. Owner is semi-absentee.

Reason for Selling:

Family Reasons

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.

Documents:

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