Steakhouse and Bar Priced to Sell

Tarrant County, TX

Steakhouse and Bar Priced to Sell
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Asking Price: $390,000

Cash Flow: N/A

Gross Revenue: $1,347,334

EBITDA: $81,000

FF&E: $558,000

Inventory: $29,000

Rent: $5,000 /Month

Established: 2012

Steakhouse and Bar Priced to Sell

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Business Description

Popular, award-winning Steakhouse and Bar priced to sell! Offers the finest cuts of steak and service in a comfortable, friendly environment for families and business clients in the in Dallas-Fort Worth.

A friendly high-quality restaurant and bar that offers the best steak due to their partnership with a famous Texas farm. This restaurant offers a covered patio, an indoor/outdoor bar, stage, and huge salad bar. The current owner fully renovated the restaurant and it has been modernized.

The new owner has the opportunity to walk into a business on an upward thriving trend due to the established reputation, excellent staff, and business processes setup by the current owner. On top of that, the continued north Texas population boom ensures continued and steady growth opportunities.

Detailed Information

Location:
Tarrant County, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,200
Lease Expiration:
N/A
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building can handle capacities up to 220 patrons and the patio can handle up to 120 patrons. There has not been any issues with capacity constraints.
Competition:
nothing equivalent within 5 miles
Growth & Expansion:
One of the fastest growing counties in the state. Alcohol has not been emphasized
Financing:
No more than 10% of purchase price
Support & Training:
one month
Reason for Selling:
retirement
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(from currently available funds)
 
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Steve Bramhall

Business Listed By:
Steve Bramhall

Alamo Corporate Group, Inc.

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Sponsoring Broker:
Don R. Hankins

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