Dallas Irish Pub With Consistent Recent High Revenue For Sale

Business description

Irish Pub & Restaurant - $2MM Revenue

Anyone with restaurant and/or bar experience knows how difficult it is to create a successful establishment, especially building it from the ground up – so many factors have to play out perfectly and combine together to spell success. It’s that perfect combination of factors that have come together to create one of the finest and most popular new eating and drinking establishments in North Texas. This operation has only been open since November of 2007, but still managed to exceed $2 million in gross sales in 2008, with revenues split almost 50/50 between food/alcohol! Even with the inefficiencies of getting the bugs worked out of the system, the challenge of getting people to come in the doors and the added cost of expanding the facility by 50%, this location still turned a profit last year. Now that all the kinks are worked out, this business is poised to become a staple of the community, and a cash cow for the new owner. Labor has stabilized at about 19% of revenue, food costs at 14% and beverage costs at 12%, plus the lease is locked in for another 8 years. Anyone looking to start their own restaurant/bar, or to acquire an operation with huge growth on the horizon, needs to examine this opportunity. At $2 million in revenue, this establishment should easily cash flow around $300,000 for the owner – and now that most of the growing pains are out the way, those are the kinds of figures that can be expected in the near future.

Property information

Real Estate:

Lease

Premises details:

Originally, the facility was 4,600 sq.ft. with a full bar, full kitchen and dining room. An additional 2,200 sq.ft. were added last year to create a “party room” with its own small bar, a stage for live music and a game room with darts and tables. Capacity is about 300 people inside. There is also a 1,500 sq.ft. outdoor patio with seating for another 50 people.

Other information

Expansion potential:

The owners implemented their biggest growth strategy within 12 months of opening, which was to expand the facility by 50% and add a private room for live music, parties and games. That addition has had a positive impact on revenues and offers even more possibilities in the way of private functions.

Competition / Market:

Prior to opening this business, the owners did a tremendous amount of market research to determine the location was prime for this type of restaurant/pub - considering the explosive growth in both residential and commercial development, as well as the young professional family demographics of the area fitting their target. There are plenty of dining options in the immediate vicinity, which only improves the visibility of this location - but there is no direct competitor to them in the area.

Support & training:

Seller will provide training as needed to ensure a smooth transition.

Reasons for selling:

Owner's health concerns are forcing the family to move.

Trading hours:

Hours are Sun-Fri, 11a-mid; Sat 11a-1a.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Assumption of SBA note, in addition to seller financing

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$30,000 (included in the asking price)