Conversion Restaurant Bar Club In Irving For Sale

Business description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a RESTAURANT or BAR CONVERSION OPPORTUNITY. The location is currently a newly-established upscale dinner club with live jazz in Irving, Texas. Guests will enjoy live music, full menu, open bar, dance floor, private lounge, patio area, plush surroundings and delicious food. The restaurant is located in a strip center on an outside corner and consists of ~3500 SF with a patio. It has an open bar, two separate lounge rooms, a 3rd private cozy lounge, dance floor, raised live music stage (~15'x20'), large fully-equipped kitchen and prep area, ~14x8 walk-in cooler, dry storage, restrooms. The owner leased the current space in 2010, converted from a Mexican restaurant, renovated, purchased new equipment and opened the current concept Sept 2011. He built the business by creating a great atmosphere offering excellent music, delicious food and drinks, all prepared and served by attentive staff. The owner plans to relocate to Houston and open a new business venture. The asking price for the assets of the business is $80,000 or BEST OFFER. The seller prefers ALL-CASH but is willing to finance to a qualified buyer. The assets include inventory at cost of $5,000 and FFE (Furniture, Fixtures and Equipment) valued at $42,000.

Property information

Real Estate:

Lease

Location:

The restaurant is located in a center on an outside corner and consists of ~5000 SF with a large patio. It has an open bar, two separate lounge rooms, a 3rd private cozy lounge, dance floor, raised live music stage (~15'x20'), large fully-equipped kitchen and prep area, ~14x8 walk-in cooler, dry storage, restrooms. ~3,500 SF space is leased @ ~$4856/month including NNN thru July 2013

Other information

Support & training:

The seller wishes to ensure a seamless transition with a purchaser. He will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, if desired by a purchaser, at mutually agreed compensation.

Reasons for selling:

Business opportunity in another city.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

BEST OFFER !!

Furniture / Fixtures value:

$42,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)

Related documents:

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• NDA for this and other offerings