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Bar And Grill In Lubbock County For Sale

Lubbock County, Texas
Asking Price:
$575,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$879,203 (USD)
Cash Flow:
$208,622 (USD)

Outstanding and profitable established neighborhood Bar & Grill where locals come to relax and socialize after a hard day’s work or enjoying the weekend with friends and family. With an excellent reputation, this 38-year-old establishment is dedicated to providing a great social experience while serving from a homemade food and drink menu. It enjoys a loyal clientele by providing a friendly and welcoming, casual setting for people to enjoy each other’s company and great food/beverages. Owners have recently upgraded equipment, increased entertainment and have excellent customer service.

Property information

Real Estate:

Lease

Premises Details:

The bar/grill occupies 1,400 sq ft of leased space. Monthly lease through 2021 includes a 3-year option, current lease amount $3,400. Location has great visibility and ample parking. Building has cameras in place, alarm with motion sensor, owner recently replaced all kitchen equipment, added new smoking filters, 2 brand new pool tables, new point of sale system, jukebox, video game machine and cigarette machine. Bar hours are 11:00 am-2:00 am Monday-Saturday and 12 pm-2 am on Sunday. Kitchen hours are 11:00 am-10 pm Monday-Saturday.

Business Operation

Expansion Potential:

Opening the kitchen for Sunday game day brunch specials on Sunday and extending late night appetizer hours could potentially add to the growth of food sales. Look ahead at local events happening in town and offer coupons for specials to the crowds. Contact local media outlets and get connected with “Features” and “News” letting these reporters know that you are available to provide commentary on stories related to local food and bar business. Invite a charity in one night a month and donate a certain percentage of the bartender’s tips and the liquor sales to that charity. The charity will promote the event on to their contacts and boost business. Schedule more promotions including events, discounts, and theme nights. Offer sport-themed drink specials, price cuts based on home team performance, have a jersey night, bring a friend half off specials for certain time frames, Free pick a jukebox hit hours, raffles, frequent visitor, pool competitions, musical trivia and billiard nights. Keep an updated events calendar with coupons, etc. on website.

Reasons for selling:

Owners want to relocate to Colorado near family.

Trading hours:

Mon-Sat 11am-2am; Sun 12pm-2am

Employees:
8 FT
Years established:
34

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.
The bar & grill a full bar menu, homemade food menu, pool table, music, sports viewing and various other social entertainment. A popular local following the bar/grill offers a place to call home 7 days a week for bar patrons.

Financing available:

Lender Pre-Screened with $115,000 Down.

Furniture / Fixtures value:
$35,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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