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Details - Information last confirmed on September 10, 2020
Prime location recently renovated sports bar with 6,900 SF of space in North Dallas is available for acquisition. This business was originally established over a decade ago in 2002 and was later acquired by the current owner of the business in early-2013. As the sheer demand for bars within the area is overflowing, the business in 2016 was renovated and expanded to accommodate the increase of customers. Most of the customers are a well-mix of middle-income individuals of all age groups that are from the surrounding densely populated residential neighborhoods and the various nationwide retailers. Net sales average was $1,800,000/year that has grown tremendously after the recent renovation that expanded the business by an additional 2,000 SF to the current 6,900 SF that can house much more customers and has attracted many customers from untapped areas. Marketing has been done in the past through online ADs and weekly events, but not much proactive marketing has taken place and it’s crucial that this is utilized to reach full potential. There are numerous marketing options that can be utilized such as direct mailing, student discounts, additional event, hiring additional staff, radio ADs, and word of mouth that have already brought massive amounts of new customers. Word of mouth is the primary source of marketing that this business has depended on since establishment due to the constant flow of customers this business receives on a daily basis. There are numerous products that range from various appetizers, salads, brunch, omelets, sandwiches, burgers, pizzas, chef specials, and desserts. This sports bar is projected to generate much more revenue this year from the increase in square footage and proactive marketing from the right potential buyer.
Furniture, Fixtures & Equipment: $300,000 (Included in listed price)
Inventory: $10,000 (Included in listed price)
Financing: 100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2002
Facilities: This business is located in a 6,900 SF retail strip center that has numerous amounts of nationwide retailers beside the business and the area is known for its super dense population. All equipment is in impeccable condition and in working order.
Support/Training: The current owner of the business will provide training as necessary to smoothly transition into the business operation. Owner is also willing to stay for a short duration for an agreed upon wage.
Reason Selling: Other Opportunities
Competition: Few competitors are within the immediate market area, but none of the bars nearby has as much high volume as this business as well as the area is overflowing in demand for this industry.
Growth And Expansion: Some marketing is done through internet ADs and promotional events, but other forms of proactive marketing are crucial to growing this business further in sales and customer acquisition.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.