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Modern Tap House With Craft Beers And Tapas For Sale

Collin County, Texas
Asking Price:
$199,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$420,000 (USD)
Cash Flow:
$65,000 (USD)

Prime location unique concept modern tap-house with a wide selection of craft beers and tapas is available for acquisition. This business was originally established in 2017 by the current owner of the business that works part-time managing the business. Most of the customers are upper-class Caucasian individuals with large amounts of disposable income from the surrounding densely populated residential neighborhoods from the borders of two large cities. Net sales average was $/year that is consistently increasing since the inception of the business due to the unique concept this business provides through their modern look as well as use of technology. Although not much marketing is done other than social media outlets, other proactive marketing methods need to be utilized to generate potential revenue and acquire new customers both cities. Competition is expected in this high population area, but there is no bar within the local area that has such a unique concept that is modernized with a wide selection of taps along with a minimalistic menu that is simple and easy to order. There are many ways to proactively market this business such as direct mailing, daily specials, happy hour, owner involvement, menu expansion, online marketing and additional social media marketing. Expanding the current menu selection while cycling craft beers will help generate much more income on a regular basis as well as attracting many individuals from both cities. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Property information

Real Estate:

Lease

Leasehold Rent:

$74,532 (USD) per annum

Location:

This business is located in 1,960 SF retail strip center that is placed between two large population cities only open for evenings and optimally located to produce large amount of revenue.

Size in square feet:
1,960 SF

Business Operation

Expansion Potential:

There is no proactive marketing other than some social media outlets. Alternative local marketing needs to be utilized to generate more income.

Competition / Market:

Few competitors are within the immediate market area, but this business has a unique concept that other local bars can't imitate including the competition only allowing adults that limits their demographic.

Reasons for selling:

Other Opportunities

Employees:
4FT/1PT
Years established:
2017

Other Information

Support & training:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.

Financing available:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price

Contact Information

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