Sold
PRIME Location in Downtown Ft. Worth, 3,096 SF Edit Listing
The seller is willing to change ownership of the LLC where the buyer gains access to a full liquor license without the 45 to 60 day waiting period and the costs that accompany that.
Listed By: Aaron Evans
Background information
Reference:
TR1012
Reason selling:
Other business interests
Operations
Employees:
0
Equipment:
Included in asking price
Inventory:
Not included in asking price
Premises
Facility:
The business officially opened in November 2019 after months of construction delays. Complete with all new buildout and improvements, the space is 3,096 square feet and the seller owns all the installed FF&E except for the gaming tables which are leased and the profits split with a vendor. The initial proposed improvements were $170,000 but with cost overruns, well over $200,000 was invested along with permitting and other licensing costs. Lease rate is $24.00 per SF which is under market with $9.08 per SF in NNN. Lease is assignable.
Location:
Fort Worth, TX
Opportunities
Growth:
The city has approved the installation of an in ground grease trap and a new owner could bring in a few pieces of light cooking equipment to offer pizza and other baked items or install a vent-hood and convert to a full restaurant concept. Just a short walk from the Ft. Worth Convention Center, the space had been leased out for private convention groups before the Covid-19 shut down and was showing a lot of potential as a bar and game room. This is a great opportunity for an individual and/or investment group to make a purchase and enhance the concept already in place or convert to another style that caters to the busy downtown Ft. Worth business district.
Price and terms
Price:
$200,000
Training:
Seller will offer any support that is needed for a smooth transition.