Iconic & Historic Bar, Cafe & Live Music Venue with Real Estate

Listing Number: 52941-859299

Description

This iconic restaurant, bar, and live music venue offers a Hill Country feel nestled in the Dallas/Fort Worth metro area. The restaurant is the go-to place to eat, drink, and mingle for the locals and a popular destination place from all over central Texas. Popular touring country and western stars highlight a vibrant music scene at this historic venue. Listen and dance to "LIVE" country music every Friday and Saturday night. Well-known bands have taken the stage with state-of-the-art sound equipment including Ray Wylie Hubbard, Doug Stone, Wade Bowen, Cody Jinks, Koe Wetzel, Cody Johnson, Bellamy Brothers, Jake Worthington, Joey Green, Neon Prophets, Waylon Pierce, The Midtown Playboys and more! Wednesday nights feature Pool League and Texas Holdem. Karaoke, dance, and request music on Thursdays!

The asking price includes real estate listed for $2,470,000 and includes the restaurant and bar, which sits on ~1.18 acres of land, and a side lot for overflow parking of ~1/2 acre. The building's square footage is 9,288 s.f. on the first floor and 3,100 s.f. second floor/storage/office area. Over the years, the restaurant and bar have had many upgrades in the bar, kitchen, stage area, and outdoor seating area. In 2020, they closed during COVID lockdown and did many upgrades to the kitchen, waiting area, and bar including a new refrigerated cooler, new refrigerator, upgrades to floors, walls, equipment, and plumbing, and newly installed and repaired air conditioning units.

Listing includes approximately $90,000 in FF&E, plus extensive sound and stage equipment of over $100,000.

The restaurant and bar are currently only open 29 hours a week Wednesday through Saturday evenings and Sunday lunch through dinner. Huge opportunity to open for extended food service for breakfast, brunch, and lunch.

This is a must-see opportunity with a rich history, huge growth opportunities, and many intangibles making this a great investment and a rewarding experience for the new owners.

Listing Details

• Price: $3,210,000
• Down Payment: --
• Sellers Discretionary Earnings: $222,275
• Total Sales: $1,155,257
• Location: Ellis County, Texas


• Inventory: $14,000
• FF&E: $190,000
• Employees: 20
• Year Established: 2007
• Reason for Selling: Retirement
• Category: Liquor Related Biz