Exciting DFW Waterfront Bar And Restaurant For Sale

Business description

A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.

Property information

Real Estate:

Lease

Premises details:

The facility seats 140 indoors and 160 outdoors. The ~3600 SF high visibility space is leased for a monthly rent of $12,000 + 2544 NNN + 6% of any annual sales in excess of $2.4 Million. Security deposit is $14,544. The lease expires approximately September 31 2012 with 5 year market renewal option.

Size in square feet:

3,600

Other information

Expansion potential:

This is a strong, proven location with excellent potential. A new owner can continue to grow the business and profits in several ways: Continue improving menu Add billboard on major highways Direct mail surrounding neighborhoods using mail list Local advertising and marketing Target market boating community

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:

Relocation out of state

Owner financing:

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

Financing available:

A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$14,000 (included in the asking price)

Related documents:

• 
• NDA for this and other offerings