Seller Financing Available
One of the Most Famous C&W Venues in N. TX and Steak House
Saloon and Chop House
Wise County, TX
* If this property is of interest, 20 to 30 additional pics will be provided to those making a formal inquiry to help you decide if you wish to advance your interest.
This business is located approximately 1 hour from the Dallas/Mid City suburbs and talk about fun and exciting! Big name Headliners have played here, some are regulars where the crowds are too big for the inside stage, so the outside stage is used during warmer months, this way 1000 or so fans can be accommodated whereas only 400 to 500 inside can be taken care of. This business has a top of the line Chop/Steak House doing over a million a year in sales, very high quality!
There is a very well done website for the business, but NDA's have to be in place first. Qualified Buyers will be given the opportunity to view operations to every extent possible, including top name performers doing a concert, and observing regular every day operations. Typical Friday, 1/17/2014, the Saloon side did over $5500, not counting the door. Band was $800 and the door covered that cost. With an avg bar bev cost of 22%, gross profit minus ancillary expenses such as utilities, insurance, etc, left a positive cash flow of over $1000 for the evening. For a Friday/Saturday, this is about average, but when the warmer weather comes and the outside stage can be used, then 400 to 1000 patrons can be accommodated, profits rise!
The business was purchased and remodeled by a local family with many other business ventures in the area, they have decided to retire and sell all their holdings, but this one particular opportunity can be a very exciting one for the right buyer. Appraisals before remodeling was near $1.3MM, then they also added equipment for the kitchen and over $400k in sound, lighting, stages etc to put on state of art concerts!
For the right, very experienced operator with good credit and a very strong down, the owner will consider financing. For your bank purposes, this deal is very near a straight asset valued sale, these come along very seldom when the business is actually profitable. Come see and hear this opportunity, it is one in a million!!!