Profitable Gastro Pub & Sports Bar-6 Yrs. Running

Fort Bend County, TX

Profitable Gastro Pub & Sports Bar-6 Yrs. Running
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Asking Price: $577,000

Cash Flow: $211,336

Gross Revenue: $945,659

EBITDA: N/A

FF&E: $57,239

Inventory: $12,198

Established: 2013

Profitable Gastro Pub & Sports Bar-6 Yrs. Running

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Business Description

Profitable and Popular Local Pub & Restaurant with growth potential!

This restaurant is best described as a friendly neighborhood gastropub and sports bar frequented by many local and repeat customers on a daily basis. The restaurant also regularly attracts new customers and guests of near-by hotels through word of mouth, due to its excellent reviews, food and customer service. The restaurant has consistently grown each of the 6 six years it has been in business. It enjoys a reputation for both a family-friendly environment by day and fun adult gatherings by night. The restaurant frequently provides live entertainment and broadcasts live sporting events, daily. It is also known for its tasty crawfish and seasonal special events.

Detailed Information

Location:
Fort Bend County, TX
Inventory:
Included in asking price
Employees:
2 FT/9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is located in a popular strip mall with several other restaurants near-by and along the path of major highways and thoroughfares with popular hotels within walking distance. The interior is perfect for dining and entertainment with seating capacity of 150, a large bar, pool tables and 25 TV screens throughout. There's also a large outdoor patio with seating capacity of 80. Additionally, the facility has audio and video infrastructure to support live entertainment and dancing.
Competition:
The U.S. restaurant industry is highly fragmented and competitive. However, the restaurant is set apart due to its unique service and operation model of combining as a casual restaurant, sports bar and late night entertainment hot spot. No matter the time of day or occasion, it is always a good choice. It is also a common hot spot for customers attending concerts at the near-by Smart Financial Center. It is a popular pre and post-concert social gathering and eating spot. The restaurant holds one of the only late night entertainment licenses in the area which is restricted to zoning laws.
Growth & Expansion:
The Sugar Land population is continuously growing and new development in the area is attracting more residents and businesses that contribute to more potential customers, foot traffic and awareness for the restaurant. The restaurant is often limited only by its seating capacity. Expanding the restaurant by covering the patio or expanding into the adjacent lease space is an option to accommodate growth. The adjacent leased space is currently unavailable, however. Another option for growth is to extend the operating hours. Currently, the business does not open until 3:00 PM Monday - Thursday.
Financing:
Lender pre-screened with $86,550 down.
Support & Training:
Will train for 2 weeks @ $0 cost. The restaurant serves a variety of dishes including small bites, burgers, specialty entrees, crawfish and a large variety of beers, wines and spirits.
Reason for Selling:
Relocation of the primary managing partner, all partners have decided to sell.
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Lenny Saizan

Business Listed By:
Lenny Saizan

Murphy Business & Financial Corporation

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