Local Mid Cities Restaraunt & Bar For Sale

Euless, TX
Tarrant County

Mid Cities DFW


Asking Price: Annual Revenue:
$225,000 $340,501

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Local Mid Cities Restaraunt & Bar For Sale Broker: George Albright Broker

Quick Facts

Asking Price: $225,000
Annual Revenue: $340,501
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 3
BBN Listing #: 744552154
Broker Reference #: 49071-821601

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Business Overview:

Local Mid-Cities Family Restaurant with focus on providing dinner dining, live band/dancing/karaoke and full bar service for late hour local customers since 2007. Restaurant specialty is their “great grilled Rib Eye steaks”. Owner opens restaurant seven (7) days a week until 2:00 AM. Gross Sales in 2017 over $300,000! Tarrant County location is on a strategic corner in Euless, TX on Hurst-Euless Blvd or Highway 10. Business location is in high growth commercial and residential area.

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Property Features and Assets:

Surrounding area is home for major Defense Contractor Bell Helicopter and local industrial business centers. Restaurant is under 1,850 square feet of leased space. Lease is $3,000/month with 3 of 5 years of lease term remaining. Lease is transferable to new owner. Seller has great relationship with landlord. Business is very clean, with dinning, full bar and pool and game table area. Restaurant has 100-gallon grease trap system in place. Transferable Liquor License. License has one (1) year left, expiring 9/22/2019

Market Competition and Expansion:

Restaurant is in a great location within the HEB/Mid Cities area of DFW Metroplex. Restaurant is only open for dinner but is the only local restaurant bar open until 2:00 AM. Great market for nearby “shift employees” for catering and delivery/take-out. There are no nearby food service businesses open late for the many nocturnal customers nearby. New owner could take advantage of increased sales revenue by opening for Breakfast and Lunch in addition to dinner. Minimal local marketing via coupons, flyers, direct marketing would help sales revenues. Added “late hour” delivery service and catering would also be additional revenue stream. New John Peters Hospital Clinic is soon to open down the street.

Reason for Selling:

Retiring

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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