This well-established neighborhood restaurant located in an affluent area of North Texas and consistently ranks in the top, trendiest restaurants to enjoy a night out. The restaurant's unwavering commitment to exceptional service, meticulous food preparation, and captivating entertainment have made it a beloved destination for patrons. Notably, its hidden speak easy lounge, renowned for its rare scotch, bourbon, and fine whiskies, as well as nightly live music, adds a distinctive charm. Situated within an upscale retail center in a flourishing affluent community, this establishment benefits from a seasoned service staff and a competent general manager, ensuring a seamless transition for prospective buyers. The current owners are eager to accommodate new owners and facilitate a smooth handover of this profitable and efficiently managed operation. Owners are looking at a second location and will work with the new buyers on that opportunity. Revenue decline in 2023 is temporary, due to several new restaurants that opened in the area. Monthly revenue has been strong since the fourth quarter into 2024.
- Asking Price:
- $4,500,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $4,569,886
- Cash Flow:
- $904,291
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
A 5,250 square foot leased space, located in an upscale retail center in a prosperous growing community in North Texas. The restaurant has been extensively remodeled with upscale painting, decor and fixtures.
Business Operation
- Expansion Potential:
-
Continued growth is forecasted for this restaurant through expansion of the outside patio, brunches, lunches and party/group functions.
- Competition / Market:
-
Very competitive dining environment with new restaurants opening monthly. Several new nearby event environments are driving customers desire to dine out and increasing restaurant competition. The advantage for buyers of this restaurant is they will take over a top running operation with a full staff and management and high revenue performance.
- Reasons for selling:
-
Owners have recently opened two new restaurants in the area and need to focus their time on developing those businesses. Those restaurants have a different atmosphere and cater to a different customer base.
- Trading hours:
-
M-Th 11-11; Fri 11-12am; Sat 9-12; Sun 9-2pm
- Employees:
- 52 FT/28 PT
- Years established:
- 4
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Furniture / Fixtures value:
- $178,383 - included in the asking price
- Inventory / Stock value:
- $180,000 - included in the asking price
