Restaurant and Bar for Sale; Wood County, Texas

Texas Restaurant Advisors requires an NDA and buyer profile before releasing confidential information to prospective buyers. Perfect way to get away from the hustle and bustle of the Metroplex and own an operating restaurant and sports bar directly off a major thoroughfare and near a sportsman's lake. With over 4,400 square feet of building space on acreage, this place is well loved by the locals and the fan base is growing in this small town. Casual dining with a full bar, income generating games, multiple TV's for sports watching. Positioned on over 2.7 acres, there is growth and commercial construction opportunity if a buyer wanted to purchase the real estate. Seller will lease for $4,100 a month and based on gross sales, that is an occupancy cost of 8% which is ideal and sets the stage for profitability. Mixed beverage/Private Club license is held in an LLC, recently renewed. $15,000 in estimated value alone, part of the intellectual property value. Asking price for the restaurant is $135,000 or best offer. Asking price for the real estate is $350,000. Like all restaurants COVID 19 has been challenging. The restaurant has operated 9 months of the year with average sales of $43,000 a month. For 12 months, we can forecast that gross sales would be $516,000, on pace with previous years. Location: Wood County, Texas Year Established: 2015 Number of Employees: 10 Real Estate: Owned Building Sq. Ft.: 4,400 Facilities: Fully furnished kitchen and bar in a 4,400 square foot building. Seating for over 100 people with ample parking. Bar seats 47, party room 36, restaurant seats 50 – 60 guests. Market Outlook/ Competition: This restaurant has the advantage of not being within the city limits and paying additional taxes and fees. Recently implemented breakfast and having success! Weekly specials and only sports bar in tri-county area. 4 area restaurants have closed, didn't have a liquor license. This place has the advantage of being a restaurant with a sports bar. Growth & Expansion: The property is over 2.7 acres with the restaurant making up approximately 4,400 square feet that can be included in a deal. Potential to add on or even develop a multi-unit storage building business.