Premiere Steakhouse & Whiskey Bar

Not Disclosed, TX
Denton County

Northwest Dallas


Asking Price: Annual Revenue:
$410,000 $811,034

Food & Beverage: Miscellaneous


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RE: Premiere Steakhouse & Whiskey Bar Broker: Kevin Chung

Quick Facts

Asking Price: $410,000
Annual Revenue: $811,034
Net Profit: Not Disclosed
Cash Flow: $248,074
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 10
BBN Listing #: 177719188
Broker Reference #: 001006

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Business Overview:

Well-established full-service steakhouse in a casual atmosphere featuring a bar with the largest whiskey collection in Denton County is available for acquisition. This business was established by the previous owner in 2008 and was acquired by the current owner in 2014. The business is occupied in a 3,528 Square Feet space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. Middle to upper-class individuals and families are the majority of the customer base as this business is located in affluent neighborhoods. Few competitors are within the immediate market area, but this restaurant provides superior quality prime steak and the largest whiskey collection in Denton County. Net sales average of this steakhouse is around $700,000 to $800,000 per year that has been consistent over the last several years. Currently, some marketing is in place through the website, social media outlet, newspapers, and magazine, but more pro-active marketing methods need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. This well-established steakhouse is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to maximum income capacity.

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Property Features and Assets:

The business is occupied in a 3,528 Square Feet space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. The majority of the kitchen equipment is less than 2 years old. / Inventory: $15,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this restaurant provides superior quality food as well as exceptional customer service and offers the largest whiskey collection in Denton County. Growth and Expansion: Some marketing is in place, but other proactive marketing methods need to be utilized to generate more revenue.

Reason for Selling:

Other opportunities.

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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