Jun 3, 2020 — Our firm offers, for your ownership consideration, a sports bar and grill in Lewisville, Texas with extensive well-maintained billiards and vending machines. The business is a sports bar with a pool hall specialty featuring a large number of pool tables with national pool leagues plus in-house pool tournaments. Unlike most bars, they own all the vending machines, pool tables and Juke Box. The buildout and equipment are in excellent condition. The location was renovated from scratch in late 2014 and opened in January 2015.
The neighborhood bar and grill developed a loyal and dedicated, mature clientele (typically blue-collar workers, aged 25’s – 50’s) with many growth opportunities for an owner-operator. The layout features open spaces, with partitions to create area separation. The large outdoor patio appeals to day and night patrons. The owner has negotiated an outstanding long-term lease with multiple renewal options.
The asking price for the assets of the business is $299,000 ALL CASH or $400,000 with $200,000 cash and $200,000 seller financing (5 yrs, 8%) to a purchaser qualified & approved by the seller. All financing is to be personally guaranteed. The seller prefers to sell for ALL-CASH. The assets include inventory at cost of $8,000 and FFE (Furniture, Fixtures and Equipment) valued at $115,000.
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