MergerPlace

Premiere Steakhouse & Whiskey Bar

Northwest Dallas, Texas (Denton)


  • Asking Price: $375,000
  • Gross Income: $811,034
  • Cash Flow: $248,074
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $100,000
  • Listing ID: #221717
  • Established: 2008
  • Employees: 3FT/7PT

Business Description

Office ID: #001006

Well-established full-service steakhouse in a casual atmosphere featuring a bar with the largest whiskey collection in Denton County is available for acquisition. This business was established by the previous owner in 2008 and was acquired by the current owner in 2014. The business is occupied in a 3,528 SF space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. Middle to upper-class individuals and families are the majority of the customer base as this business is located in affluent neighborhoods. Few competitors are within the immediate market area, but this restaurant provides superior quality prime steak and the largest whiskey collection in Denton County. Net sales average of this steakhouse is around $700K to 800K per year that has been consistent over the last several years. Currently, some marketing is in place through the website, social media outlet, newspapers, and magazine, but more pro-active marketing methods need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. This well-established steakhouse is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to maximum income capacity.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Northwest Dallas
County: Denton

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3FT/7PT

Financial Information

Asking Price: $375,000
Gross Revenue: $811,034
Cash Flow: $248,074
FF&E: $100,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

The business is occupied in a 3,528 SF space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. The majority of the kitchen equipment is less than 2 years old.

Growth & expansion opportunities:

Some marketing is in place, but other proactive marketing methods need to be utilized to generate more revenue.

Competition:

Few competitors are within the immediate market area, but this restaurant provides superior quality food as well as exceptional customer service and offers the largest whiskey collection in Denton County.

Reason for selling:

Other opportunities

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

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Business Listed By:

V-AID Group

www.v-aidgroup.com