Trendy neighborhood restaurant with hidden lounge - Texas

Featured on BusinessForSale.com . 32 viewed

Asking Price

$4,500,000

FOR SALE - ACTIVE

Detailed Information

Location

Collin County, Texas, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

Located in an upmarket area of North Texas, this popular neighborhood restaurant stands out as one of the trendiest dining spots in town. With a strong reputation for outstanding service, exceptional food quality, and live entertainment, it has become a favorite among locals. The restaurant's hidden speak easy lounge is a standout feature, offering a wide selection of rare scotch, bourbon, and whiskies, along with nightly live music performances. Positioned within a thriving retail center in an affluent community, the restaurant benefits from a seasoned service team and an experienced general manager, ensuring a smooth transition for potential buyers. The current owners are motivated to assist in the transition of this profitable business, which has been efficiently managed with strong revenue performance. Despite a temporary decline in revenue in 2023 due to new competition, the restaurant has shown consistent growth since late 2023 and into 2024. With plans for expansion to a second location, the owners are open to working with new buyers to explore this opportunity further.

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