MergerPlace

Bar and Grill

Texas (Lubbock)


  • Asking Price: $575,000
  • Gross Income: $879,203
  • Cash Flow: $208,622
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: $35,000
  • Listing ID: #210535
  • Established: 1984
  • Employees: 8 FT

Business Description

Outstanding and profitable established neighborhood Bar & Grill where locals come to relax and socialize after a hard day’s work or enjoying the weekend with friends and family. With an excellent reputation, this 38-year-old establishment is dedicated to providing a great social experience while serving from a homemade food and drink menu. It enjoys a loyal clientele by providing a friendly and welcoming, casual setting for people to enjoy each other’s company and great food/beverages. Owners have recently upgraded equipment, increased entertainment and have excellent customer service.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Texas
County: Lubbock

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8 FT

Financial Information

Asking Price: $575,000
Gross Revenue: $879,203
Cash Flow: $208,622
FF&E: $35,000
Inventory: $100,000
Seller Financing Available: No

Property Information

Facilities:

The bar/grill occupies 1,400 sq ft of leased space. Monthly lease through 2021 includes a 3-year option, current lease amount $3,400. Location has great visibility and ample parking. Building has cameras in place, alarm with motion sensor, owner recently replaced all kitchen equipment, added new smoking filters, 2 brand new pool tables, new point of sale system, jukebox, video game machine and cigarette machine. Bar hours are 11:00 am-2:00 am Monday-Saturday and 12 pm-2 am on Sunday. Kitchen hours are 11:00 am-10 pm Monday-Saturday.

Growth & expansion opportunities:

Opening the kitchen for Sunday game day brunch specials on Sunday and extending late night appetizer hours could potentially add to the growth of food sales. Look ahead at local events happening in town and offer coupons for specials to the crowds. Contact local media outlets and get connected with “Features” and “News” letting these reporters know that you are available to provide commentary on stories related to local food and bar business. Invite a charity in one night a month and donate a certain percentage of the bartender’s tips and the liquor sales to that charity. The charity will promote the event on to their contacts and boost business. Schedule more promotions including events, discounts, and theme nights. Offer sport-themed drink specials, price cuts based on home team performance, have a jersey night, bring a friend half off specials for certain time frames, Free pick a jukebox hit hours, raffles, frequent visitor, pool competitions, musical trivia and billiard nights. Keep an updated events calendar with coupons, etc. on website.

Reason for selling:

Owners want to relocate to Colorado near family.

Support & Training:

Will train for 2 weeks @ $0 cost. The bar & grill a full bar menu, homemade food menu, pool table, music, sports viewing and various other social entertainment. A popular local following the bar/grill offers a place to call home 7 days a week for bar patrons.

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Business Listed By:

David Powell

Murphy Business Brokers