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Freestanding Wings & Bar

Dallas, TX (Collin County)

Seller Financing Available
Freestanding Wings & Bar
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Asking Price: $269,000

Cash Flow: $95,212

Gross Revenue: $967,883

EBITDA: N/A

FF&E: $75,000

Inventory: $5,000

Established: 2012

Freestanding Wings & Bar

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Business Description

Prime location chicken wing restaurant and full bar with gorgeous interior design is available for acquisition. This business was originally established over half a decade ago in 2012 and in 2017 was acquired by the current owner of the business that has been operating the business to present day. Most of the customers are Caucasian individuals that work around the nearby retail businesses including families that often come during dinner hours from the densely populated residential neighborhoods. Gross sales average was $980,000/year that has been consistent over the last several years of operation without any proactive marketing outside word of mouth and some online marketing. Although not much marketing efforts is taken, other proactive marketing tactics needs to be fully utilized to reach the maximum income capacity and acquisition of new customers from untapped areas within the city. Competition is expected for any business in this industry, but this business has been established in the area for a long time and has maintained their large customer base by consistency of all aspects in the business. There are many ways to proactively market this business such as direct mailing, happy hour specials, delivery services, 3rd party delivery service, social media outlets and placement of management to operate the business. Full-time owner involvement provides many benefits to cash flow, but placing a manager to operate the business while the owner focus on back office work and marketing will help expand the current customer base. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000748
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Location:
Dallas, TX
Inventory:
Included in asking price
Employees:
5FT/16PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 6,500 SF freestanding building that is optimally placed next to a major highway that brings immense traffic to the area as well as numerous retail businesses surrounding this business.
Competition:
Few competitors are within the immediate market area, but every competitor and this business as well has established their own customer base that is steadily growing with the population of the local area.
Growth & Expansion:
Some marketing is done online and through word of mouth, but other proactive marketing methods needs to be utilized to generate more cash flow.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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