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- RE: Bar In Fort Worth TX
- Contact: Kevin Chung
- License #: 567204
Quick Facts
Asking Price: | $1,150,000 | |
Annual Revenue: | $1,157,146 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $200,217 | |
Total Debt: | Not Disclosed | |
FF&E: | $250,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2014 | |
Employees: | 15 | |
BBN Listing #: | 985411 | |
Broker Reference #: | #001446 |
Business Overview:
Buy a bar! An established one of a kind bar in Fort Worth, TX is now available for acquisition. This bar has been a popular nightlife destination since its founding in 2014. Known for its vibrant atmosphere enhancing the social experience for guests. The bar includes an indoor heated pool, retractable roof, and a dedicated shot bar, offering a wide range of beverages to cater to all tastes.
Located in a bustling entertainment district, the venue attracts significant foot traffic due to its proximity to luxury residences and a variety of dining options. With convenient public parking nearby, it is highly visible and easily accessible for both locals and visitors.
The bar spans two buildings with ample space, including a spacious patio area surrounded by greenery, allowing for a year-round enjoyable experience. It ranks among the top bars in beverage sales in its competitive area, thanks to the shot bar, along with the unique interior design and features. Competition is limited due to recent rezoning which prevents new competitor openings.
Effective use of social media has helped the bar build a loyal customer base, and it benefits from a strong online presence. With the completion of a nearby luxury hotel, growth potential is substantial. Future owners may also consider introducing food options or leasing the existing kitchen to a local chef to enhance revenue.
The bar is currently owner absentee with a General Manager (GM) in place, who effectively manages the operations. This bar represents a rare opportunity for a qualified buyer to step into an established bar poised for continued success.
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Property Features and Assets:
Located in one of Tarrant County's vibrant entertainment districts, this bar benefits from a prime location surrounded by upscale residences and various dining options, attracting a steady flow of visitors. With convenient public parking nearby, it is easily accessible.
The venue includes two buildings and a spacious patio area, offering plenty of space for patrons to enjoy. The inviting outdoor and indoor settings with a retractable roof provide a unique year-round experience. / Inventory: $30,000 (Included in listed price).
Market Competition and Expansion:
Competition: This bar ranks among the top-performing bars within a 3-mile area containing numerous bars. It stands out due to its spacious indoor and outdoor areas, and unique party theme atmosphere. Recent rezoning and development have also limited new competitors, enhancing its market position. / Growth and Expansion: With the completion of a nearby luxury hotel, growth potential is substantial. Future owners may also consider introducing food options or leasing the existing kitchen to a local chef to enhance revenue.
Reason for Selling:
Other OpportunitiesAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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