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Listing View: Country Bar & Rustic Restaurant - Hi-growth - Waxahachie, Ellis County, Texas


Country Bar & Rustic Restaurant - Hi-growth
Waxahachie, Ellis County, Texas

Offered at:
$350,000

Office Listing #   19493
Revenue: $850,000 / year
Cash Flow: $155,674 / year
Lease Rent: $5,000 / month
Square Feet: 11000

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 Listing Description

MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a Texas Country Bar and hometown casual caf in a charming, rustic building. This is a destination entertainment center and customers drive far and wide to eat and drink here! Featured in movies, travel and D magazines, this county-lore filled cafe serves famous chicken fried steak and hand cut upper choice Black Angus steaks. Hand-painted wall murals attract visitors. Open mainly for lunch and dinner, diners have been demanding that the hours be extended. The bar has featured Texas Country live acts that are known throughout the state. Talented acts like Josh Abbott, Johnny Cooper and Anthony Carter draw Saturday night crowds of 300+. The owner invested $75k in a Peavey 24 channel, 4 mixer professional sound system used for live acts, karaoke and dance music. The cafe and bar complement each other. As the cafe crowd starts to thin out, the bar crowd starts to ramp up! The business has significant opportunities for growth including developing ~3200 SF of upstairs banquet space, ~300 SF cigar lounge and adding an outside bar/concert venue. Price $450k: $150k down and $300k seller financing or $350k ALL CASH

Facilities: The Seller owns the +/-11,000 SF free standing building on +/-1.5 acres. The Seller owns the property and will offer a long-term lease for $5,000/month including NNN. The building consists of ~8500 SF main floor, ~3500+/- upstairs and ~ 500 +/- SF outside patio with fireplace (new Feb 2010) located on ~1.5 acres with a concrete parking lot. The main floor houses ~3500 SF restaurant and ~5000 SF bar with separate entrances.

Competition: The restaurant is well-known state-wide and is a destination drive for many weekend tourists. The bar draws patrons from a state area and is growing!

Growth and Expansion: A new owner can continue to grow the business and profits in several ways: Add seafood, crab, lobster, salmon to Cafe menu Expand hours of caf and club to Monday/Tuesday Expand lunch hours to 7 days for caf Book top Texas country acts on Saturday nights Add banquet room upstairs for weddings and private parties Offer restaurant/bar service on outside patio seating 40-50 Promote Biker Nights Offer outdoor concerts Lobby for Wet liquor vote in Ellis County Offer weekend breakfast

Support/Training: The seller will provide 2 weeks training and ongoing telephone support, as mutually agreed, to ensure a seamless ownership transition.

General Information
Contact Information
Organization:   LLC
Year Established:   1986
Current Owner:   2007
# of Employees:   19
Seating:   450
Square Foot/Size:   11000
Parking:   Lot, Street
License(s) Required:   Contact For Info
Reason For Sale:   Owner planning to develop propertie
     
Financial Information
Revenue:   $850,000 / year
Cash Flow:   $155,674 / year
Payroll:   Contact For Info
Current  Inventory:   $10,000
FF&E:   $130,000
     
Lease Information
Lease Rent:   $5,000 / month
Lease Expiration:   5 yrs
Lease Option:   5 yrs
Security Deposit:   5000
     
Financing Information
Down Payment:   300k
All Cash:   350k
Listed by:   Jeff Adam
 A Megabite Restaurant & Bar Brokers
Phone:  817-467-2161
Fax:  1-877-467-2161
Website:  www.megabite-rb.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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