- Advert ID: 458867
- (Seller ref: mb778)
Lounge Bar And Restaurant With Property For Sale
Price Reduced
- Location:
-
- United States
- > Mid South
- > Texas
- > Odessa
- > Odessa
- Category:
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Summary
- Asking price:
- $500,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- $1,250,000
- Net profit:
- $150,000
- Years established:
- Since 1978
- Employees:
- 30 full-time, 11 part-time
Business description
Busy, Popular Lounge Bar & Restaurant with Real Estate on 1.760 acres is for sale for $500,000. Well established business since 1978 with the present ownership in charge since 1993. Many loyal local customers, as well as travelers come to enjoy the services provided by Owner & warm friendly, dependable staff. Entertainment is provided in the lounge bar 7 nights a week & includes karaoke fun. Value of assets which include all contents of restaurant plus all of the kitchen equipment is approximately $400,000. Value of the real estate is approximately $325,000 This business is close to apartment complexes
Property information
- Real Estate:
- Real Property Included
- Location:
- Located in Odessa, Texas on major highway close to many apartment complexes . Both restaurant & lounge bar cover an area of 7,390 sq.ft with lots of guest parking. Odessa sits midway between Fort Worth & El Paso & is thriving with new businesses & a booming manufacturing sector Odessa has many great features including a favorable climate, affordable yet upscale housing, highly skilled & virtually union-free labor force & an excellent quality of life. Odessa is also proud to be the home of the University of Texas Permian Basin & Odessa College. The Odessa Development Corporation was created to expand & diversify the industrial base, to bring in new industry & encourage expansion of existing industry. Odessa has a state-of-the-art health care service & because of its strategic location in the heart of West Texas has grown to become the health care hub for surrounding communities.
Other information
- Expansion potential:
- Great potential for expansion by introducing catering, delivery service & other service options to the community..
- Competition / Market:
- Some competition.
- Support & training:
- Owner offers flexible training & support if required by new Owner.
- Reasons for selling:
- Owner is looking forward to retiring.
- Trading hours:
- 24 hours a day, 7 days a week.
- Financing available:
- Contact for more details
- Furniture / Fixtures value:
- $400,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- United States
- > Mid South
- > Texas
- > Odessa
- > Odessa
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