One-of-the-few exclusive acoustic instrument bar & restaurant in an upper class area is available for acquisition. Established in 1992 and was acquired by the current owner of the business in early 2015. There are some competitors that are within the immediate market area, but this exclusive dinner acoustic instrument bar in the area has operated for 2 decades and has built a strong loyal customer base among the area. While a majority of the customers are upper class individuals in their 30s - 60s, the business can advertise towards the younger generation to expand the range of customers who come to this location. Sales are on average $22,000 - $24,000/month which can be increased drastically after proactive marketing and extended operation hours. Extension of hours to begin operation during lunch time would be crucial along with addition of bar foods will provide an immediate increase of gross sales. Incorporating multiple beers from local breweries to increase variety of alcoholic beverages will be extremely beneficial as well as including happy hours to build regular patrons at this bar. Renovation is also an option to bring out the full potential of this bar by updating the interior to accommodate updated menu items and alcoholic beverages to bring in potential young customers. The menu at this acoustic instrument bar consists of items such as various appetizers, seafood entrees, poultry entrees, Italian specialties, assortment of wines, and other alcoholic beverages. There's large room for growth for this bar in North Dallas and can easily become the go-to spot in North Dallas after more owner involvement to operate this business smoothly.
Furniture, Fixtures & Equipment: $40,000 (Included in listed price)
Inventory: $15,000 (Not Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.
Year Established: 1992
Facilities: Located in a 2,700 SF facility with a little outdated interior, but renovations of this business can bury out competition. All equipment is in excellent condition and in working order.Support/Training: Owner will provide training during a 4 week period for a smooth transition into the business.
Reason Selling: Other Opportunities.
Competition: Few competitors are in the immediate market area, but this business has an advantage of running as a dinner only acoustic instrument bar and is one of the few acoustic instrument bars in the area.
Growth And Expansion: Proactive marketing is necessary to boost sales as there's no marketing except through social media.
Asking Price $70,000
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