Seller Financing Available
Franchise Pub Restaurant, Growing, Established, Needs Owner-operator
Owner Operator can hit a home run
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, an absentee-owned sports bar, pub and restaurant located in Las Colinas, Irving, Texas. The “breastaurant’ concept is a modern American, Irish, Scottish and English sports pub. The menu is a mix of traditional and contemporary pub food such as fish and chips, Irish Stew, Irish Nachos, flatbread pizzas and local Texas favorites. The bar is filled with televisions for sporting events and games such as billiards. 20+ whiskeys and 30+ draft & bottled beers are available with a wide assortment of bottled beers and liquors. A covered southwest-facing patio is a positive draw for outside diners and smokers.
The owners invested $1,100,000+ to develop the concept with an operating manager. This business will benefit from seasoned hands-on owner-operation and building brand identity. The franchise has an excellent business development plan which needs to be re-implemented. Many growth opportunities exist including a) improving service, b) adding owner's touch and c) marketing to estimated 90,000+ local employees and estimated 2,700,000 annual visitors (~85% are business travelers)! Owner does limited advertising and marketing along with a poor social media presence. A hands-on owner can rock this place and dramatically increase sales and profits.
The asking price for the assets of the business is $250,000 ALL-CASH or $300,000 with $100,000 down and $200,000 seller-financed to a qualified purchaser (5 years, 8%, monthly payments ~$4,055/month). The assets include inventory at cost of $15,000 and FFE (Furniture, Fixtures and Equipment) valued at $400,000.