Prime location English Pub & Grill including real estate is available for acquisition. Established in 2014 and acquired in the same year by the current owner of the business. This business is 3,690 SF and the land size is 42,688 SF along with a large patio in the front of the business providing fantastic scenery of the mini look-down garden built onto this patio. Few competitors are within the immediate market area, but this bar has a very unique style while offering various menu items to accommodate each alcoholic beverage selection which in-turn provides consistent sales each year of operation. Upper middle class individuals are the majority of the customer base as this business is located in one of the richest counties in Texas and also one of the fastest growing cities. Ample seating is provided enough to hold 175 individuals inside, 50 in outside patio, and 80 in garden in the back. The building is placed in the hub of this fast growing city. Sales since the establishment in 2014 have been a consistent $110,000-120,000 per month with slight growth in 2016. Proactive marketing is needed to truly reach the potential sales that this business is currently missing as the owner absentee. Billboard advertisement is used each month to bring in customers from various areas of the city and for other non-locals to come visit this English Pub. In the near future, more parking space and online advertisement could prove extremely beneficial to the growth of this operation towards other areas than the one that this business resides in. A full-time owner would also account to more cash flow as the owner would replace certain employee tasks to his/herself to reduce payroll expenses. This pub provides accommodations such as varieties of beer, wine, liquor, burgers, fries, Tex-Mex, sandwiches, soups, salads, and desserts. This business is already well-known around the local area and needs just a little more proactive work from the owner to truly reach its potential and grow the sales.
Furniture, Fixtures & Equipment: $150,000 (Included in listed price)
Inventory: $5,000 (Included in listed price)
Real Estate: $925,000 (Included in listed price)
Financing: 100% down at the time of closing or 20-25% Cash Down with SBA Financing for Qualified Buyers.
Year Established: 2014
Facilities: Located in a 3,850 SF building with a land size of 42,688 SF along with very ample parking space which could be expanded in the future. Large patio is in the front of the business with a nice view along with a mini look-down garden built onto a well-made two story building. All equipment is in excellent condition and in working order.Support/Training: Owner will provide training during a 4 week period for a smooth transition into the business.
Reason Selling: Other Opportunities.
Competition: Few competitors are within the immediate market area, but due to the area housing many upper class individuals there's is no issue in bringing in customers.
Growth And Expansion: Proactive marketing is needed to further grow the business and well as an extension of the parking area. A billboard is currently used to market this business towards the drivers on the road.
Asking Price $1,275,000
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