Bar For Sale In North Dallas

Business Overview:

Bar for Sale: A well-established neighborhood bar and grill in a prime North Dallas location is now available for acquisition! Founded in 2005, this local gem has become a beloved spot for both long-time patrons and newcomers. It offers a relaxing atmosphere with a wide variety of food, drinks and games.

For nearly 20 years, customers have come to this bar to enjoy quick lunches, happy hours, nightcaps, relaxed gatherings, and sports-watching experiences. Situated near multiple hotels, upscale apartments, corporate offices, restaurants, and retail stores, the bar benefits from high traffic. The stand-alone 3,600 square feet facility provides ample indoor and outdoor seating, including a mister-equipped patio. The current owner has kept the facility in great shape as the owner has spent on average $40,000 a year on repair and maintenance of the equipment and facility. The bar serves beer, wine, liquor, and mixed beverages alongside a full kitchen menu of lunch, dinner, and bar bites.

The diverse customer base ranges from ages 21 to 70. Daytime sees older regulars, while late nights attract a younger crowd, especially service industry workers. Known for its no-frills, friendly neighborhood vibe, long-tenured staff, exceptional customer service, and late hours, this bar stands out from competitors.

A third-party marketing company handles website management and simple social media posts, but there is significant potential for growth through expanded marketing strategies and increasing kitchen sales. Hiring DJs, promoters, and event organizers to expand its customer base and increase revenues during the weekend as it only accounts for 30% of sales. There is also room to increase profitability by eliminating unnecessary expenses such as the 3rd party inventory management, 3rd party cleaning crew and eliminating overtime pay with scheduling efficiency.

The current absentee owner focus only on bookkeeping and bill payments and are ready to retire. They seek a qualified buyer or investor to take over this lucrative opportunity, who is looking for an owner absentee business or higher income potential under active management.

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Property Features and Assets:

Situated near multiple hotels, upscale apartments, corporate offices, restaurants, and retail stores, the bar benefits from the area's high traffic. The stand-alone 3,600 square feet facility provides ample indoor and outdoor seating, including a mister-equipped patio. / Inventory: $17,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: There is some competition in the immediate area. However, this established bar stands out from its competitors because of its no-frills, friendly neighborhood vibe, long-tenured staff, exceptional customer service, and late kitchen hours. Over its nearly 20 years of establishment, it has become a choice destination for many regulars. / Growth and Expansion: Expanding the marketing strategies could help draw a larger weekend crowd and significantly boost weekend sales, which currently account for only 30% of revenue. There are also several cost-saving opportunities for a more hands-on owner to save on third-party expenses and unnecessary overtime wages for staff that can be eliminated with better scheduling.

Reason for Selling:

Additional Details:

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