Active
$200k in Annual Profit, Established Bar and Grill in Far North Texas
A beloved, family friendly, long-established and profitable restaurant in Wichita County. The business serves homemade chicken fried steak, catfish, burgers onions rings, cold beers on tap and specialty drinks in a relaxed, sports bar and grill environment. The restaurant is located in front of a very busy national retail chain that brings lots of traffic to the retail strip center. The owners are involved in the business but they do not work shifts, their role is more oversite of the operations.
Listed By: Aaron Evans
Background information
Reference:
TR1059
Year established:
2011
Reason selling:
The owners are preparing for retirement.
Finance
Sales:
$2,088,733
Profits:
$193,224
Operations
Employees:
42
Equipment:
Included in asking price $160,000
Inventory:
Not included in asking price
Premises
Facility:
Located in a busy retail area, this 3,893 square foot restaurant is tucked away in an inline strip center. There is a large bar, flat screen TV’s for watching games, large kitchen and more. Recently, the sellers installed a 16-tap beer system guaranteeing the coldest beer in the county.
Rent and lease terms:
$7,164
Location:
Wichita Falls, TX
Opportunities
Growth:
A buyer could enhance on-line/social media presence and offer game day specials, karaoke and more.
Price and terms
Price:
$700,000
Financing:
20% down with SBA Financing.
Training:
Seller willing to train for two weeks or up to thirty.