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Historic Bar, Restaurant & Live Music Venue
Not Disclosed, TX
ELLIS County
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| Asking Price: | Annual Revenue: |
| $740,000 | $1,155,257 |
Food & Beverage: Bars, Clubs, Nightspots
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RE: Historic Bar, Restaurant & Live Music Venue
Contact: Pam Vincent
Quick Facts
| Asking Price: | $740,000 | |
| Annual Revenue: | $1,155,257 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $222,275 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 90,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 20 | |
| BBN Listing #: | 624350429 | |
| Broker Reference #: | 52941-567771 |
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Business Overview:
Historic Bar, Restaurant & Live Music Venue with Huge Following
This iconic restaurant, bar, and live music venue offers a Hill Country feel nestled in the Dallas/Fort Worth metro area. The restaurant is the go-to place to eat, drink and mingle for the locals and a popular destination place from all over central Texas. Popular touring country and western stars highlight a vibrant music scene at this historic venue. Listen and dance to 'LIVE' country music every Friday and Saturday night. Well-known bands have taken the stage with state-of-the-art sound equipment including Ray Wylie Hubbard, Doug Stone, Wade Bowen, Cody Jinks, Koe Wetzel, Cody Johnson, Bellamy Brothers, Jake Worthington, Joey Green, Neon Prophets, Waylon Pierce, The Midtown Playboys and more! Wednesday nights feature Pool League and Texas Holdem. Karaoke, dance, and request music on Thursdays!
THIS LISTING HAS REAL ESTATE: Listed for $2,470,000 and includes the restaurant and bar, which sits on ~1.18 acres of land and a side lot for overflow parking of ~1/2 acre. The building's square footage is 9,288 s.f. on the first floor and 3,100 s.f. second floor/storage/office area. Over the years, the restaurant and bar have had many upgrades in the bar, kitchen, stage area, and outdoor seating area. In 2020, they closed during COVID lockdown and did many upgrades to the kitchen, waiting area, and bar including a new refrigerated cooler, new refrigerator, upgrades to floors, walls, equipment, and plumbing, and newly installed and repaired air conditioning units. Seller would consider a 3-year option to purchase if not acquired with the business.
Listing includes approximately $90,000 in FF&E, plus extensive sound and stage equipment of over $100,000.
The restaurant and bar are currently only open 29 hours a week Wednesday through Saturday evenings and Sunday lunch through dinner. Huge opportunity to open for extended food service for breakfast, brunch, and lunch.
This is a must-see opportunity with a rich history, huge growth opportunities, and many intangibles making this a great investment and a rewarding experience for the new owners.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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