Seller Financing Available
Texas Bar-Grill 19710
Poised for growth
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a casual neighborhood bar/restaurant with Texas home cooking and Texas music. The bar is located in a busy center in the Historic downtown Grapevine, Texas area. Family-owned and operated, the restaurant serves delicious, fresh home cooked food but has found its main calling as a neighborhood bar with live music and Karaoke. The outside patio is a positive draw for outside diners and smokers. The restaurant is well-rated on Facebook, Google, Yelp, etc.
The asking price for the assets of the business is $100,000 ALL-CASH or $150,000 with $50,000 down and $100,000 seller-financed to a qualified purchaser (5 years, 8%, monthly payments $2,027.64/month). The assets include inventory at cost of $5,000 and FFE (Furniture, Fixtures and Equipment) valued at $50,000. Purchaser will need to assume a) icemaker lease ~$200/month and b) dishwasher lease ~$185/month.
Centrally located and convenient to major activity generators within the immediate area including: 1) walking distance to Historic Downtown, 2) Main Street in Grapevine, 3) Surrounding businesses, 4) Surrounding neighborhoods, 5) Daily car counts: NW Highway (~27,000), Main St (~11,000), Hwy 114 180,000), 6) less than 2 miles to Gaylord Hotel, Grapevine Mills Mall, Great Wolf Lodge, etc
The restaurant is located in the dynamic and destination community of Grapevine, Texas, in Dallas County at the North Central portion of the ~6.5 million population Dallas-Fort Worth Metroplex. The population of Grapevine is ~50,000 with an average household income of ~$74,000. The area hosts numerous festivals and boasts many tourist attractions including Grapevine Mills Malls, Historic Downtown, Lake Grapevine, Gaylord Texan Hotel and Bass Pro Shops.