Excellent Opportunity...

Frisco, TX (Collin County)

Owner Financing Available
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Asking Price: $200,000

Cash Flow: $164,000

Gross Revenue: $880,000

EBITDA: $672,000

FF&E: $200,000

Inventory: $15,000*

Rent: $12,000 /Month

Established: 2007

*not included in asking price.

Excellent Opportunity...

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Business Description

Excellent books and records, many growth opportunities

This is an established, well operated Bar and Grill. The buildout and equipment are in excellent condition. The location was majorly remodeled in the middle of 2018. This business has been there since early 2000s.
This 'Cheers-like' neighborhood bar and grill has developed a loyal and dedicated, clientele with many growth opportunities for a dedicated owner-operator. The layout features open spaces, with partitions between the cocktail area, dining area and gaming area. The large outdoor patios appeal to day and night patrons. The owner has negotiated an outstanding long-term lease. It has an established and growing clientele over the past five years. Additional revenue is generated from vending machines, games and juke box.
The location still has the potential to do at least 40-50% more with a dedicated operator and good marketing. A lot of new construction (hotels, theme park etc) are coming up right in front of the bar that would help the business further.

Attached Documents


Detailed Information

Location:
Frisco, TX
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,900
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility is 5900 sq ft which include fully equipped commercial kitchen with walk-in cooler and freezer and ample storage. The bar is large with lots of TVs in and around the bar area. The restrooms are large and immaculate. The facility is leased with options to extend. All equipments, appliances and furniture is owned. Rent is $15800 per month that include NNN (property taxes, property insurance and common area maintenance). This is $2.63 per sqft. The current rates in the area are $6.60 per sqft. So the rent is a steal.
Competition:
The location is in almost developed area on a busy well-known center in Frisco. There is insulation from competition due to the types of residential and commercial development in the proximity. In addition, city population is growing at a rapid pace that should help the business.
Growth & Expansion:
The growth will be in increased sales due to new apartments, housing and hotel construction. Increasing the marketing and broadening the food menu will also help. Adding live music, trivia and changing the closing hours to 2 AM will increase the sales by as much as 40-50% over a short period of time with consistently focused management. New hotel, library will add to the sales
Financing:
Bring any offer
Support & Training:
The owner will remain available for a reasonable period (Two weeks) to assist with the transition, training and cultivating continuity in clientele.
Reason for Selling:
Seller has other job and he is motivated. Bring an reasonable offer.
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Business Listed By:
Sam Mark

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