Sold
Trend Setting Cocktail Bar and Restaurant.
Trend setting cocktail bar and restaurant with full kitchen, established in 2011. Easily accessible and centrally located, this bar is in a mixed-use complex with over 200 apartments, bars, restaurants, and a movie theater. Positioned on the gorgeous Katy Trail extension and between two office towers – big opportunity to serve the local lunch crowd. Renovated in 2018-2019, with all new furniture, new range, new fryer, new refrigeration, and new ice maker. In addition, high efficiency HVAC units installed in May 2019. Proven to be successful, but lots of opportunity for growth in this high traffic area close to Dallas’ premier university and boutique hotels. 3 - 5 years of industry experience is preferred by the landlord.
Listed By: Aaron Evans
Background information
Reference:
TR1005
Year established:
2011
Reason selling:
Family Reasons
Finance
Sales:
$700,000
Operations
Employees:
11
Equipment:
Included in asking price $50,000
Inventory:
Not included in asking price
Premises
Facility:
Fully renovated and furnished in 2018. Additional AC has been added and a patio area is being built out to increase capacity and add a new element to the setting.
Rent and lease terms:
$8,000 /Month
Location:
Dallas, TX
Opportunities
Growth:
Opportunity for a buyer to create and promote lunch service to high traffic areas between two office towers. Currently, only open in the evening. Great space for private events, team building events and much more.
Price and terms
Price:
$116,000
Financing:
$75,000 down, finance $25,000 over 2 years
Training:
Owner and highly trained management staff to help with a successful transition. Seller willing to stay on 6 months after the sale to ensure smooth transition