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Iconic Restaurant, Bar and Live Music Venue

This upscale restaurant, bar and live music venue serves high end American cuisine, seafood, craft cocktails, beer, wine and liquor. The dynamic atmosphere offers customers a unique combination of settings to choose from. Multiple long-term employees and managers are in place to assist with a smooth transition. Located in a revitalized and growing historic district with numerous development projects ongoing, this establishment is an icon in the local market with a reputation for quality, consistency and customer service.

This business is located in a growing part of town with multiple development projects underway and significant investment for revitalization. The facility, 14,000+ sf of heated and cooled space, is owned by the business, with another 6,500 sf of dedicated parking, and includes a long term tenant in a small portion of the building. The business utilizes another ~4,000 sf of leased space adjacent to the owned property.

The current owner will assist in training and transition for up to 45 days as part of the transaction and is willing to stay involved longer on a consulting basis if needed.

  • BUSINESS PRICE$1,700,000
  • REAL ESTATE$2,500,000 (FOR SALE OR LEASE)
  • SALES$3,035,000
  • DISCRETIONARY EARNINGS$526,454
  • FF&E$200,000
  • INDUSTRYFull Service Restaurant and Bar, Entertainment Venue
  • LOCATIONEast Texas
  • BUSINESS TYPESemi Absentee
  • LISTING ID1172
  • INVENTORY~$40,000
  • CATEGORY ,
  • TAGS

CONTACT INFO

DRAKE BUSINESS BROKERS

903-581-3750

lee@drake-investments.com

www.drakebusinessbrokers.com

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